The U.S. economy is starting to pick back up, and in a recovering market, optimism spreads quickly meaning people will buy more frequently and readily. Specifically, people will be looking into real estate, as most major markets are finally returning to health. With home buying comes home financing, and a result of the real estate …
The National Association of Home Builders (NAHB) has partnered with mRELEVANCE to create a whole new way to win prizes by launching the video contest, “What NAHB Membership Means to Me.” Create and submit your video by Friday, Feb. 13, 2015 for a chance to win gift cards or even be featured in the 2015 …
NAHB Wants to Know: What Does Membership Mean to You? Read More »
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 …
Builder Confidence Increase Good News for the Chicago Real Estate Market Read More »
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 …
More Positive News for Chicago New Homes Construction Read More »
After July posted the biggest gain in new-home sales since April of 2010, the pace in August held its own. According to new data released from HUD and the Commerce Department, the sale of new U.S. homes fell a mere 0.3 percent to a seasonally adjusted annual rate of 373,000 units in August. The rate …
The sales of new homes across the country last month fell by more than they have in over a year, but the region in which Chicago real estate lies is not responsible for the decline. According to the Commerce Department, new U.S. single-family home sales in June fell 8.4 percent to a seasonally adjusted annual …
