NAHB

Builder Confidence Increase Good News for the Chicago Real Estate Market

For the third consecutive month, builder confidence in the market for newly built, single-family homes has risen. With its highest reading since January of 2006, the score rose six points to 57 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for the month of July. “Today’s report is particularly encouraging …

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More Positive News for Chicago New Homes Construction

Construction spending in August dropped by more than it has in over a year, but that doesn’t mean the national and Chicago new homes markets aren’t improving. According to the Commerce Department, construction spending in the U.S. fell for the second straight month in August to a seasonally adjusted annual rate of $837.1 billion. The …

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