Tag Archives: Commerce Department

Home builder confidence stalls in September

There is certainly plenty of pent-up demand, especially among younger, first-time home buyers, but many of them are still struggling in today’s job market, either unable to find steady work or not earning enough to afford today’s higher down payment … Continue reading

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Housing starts stall, optimism doesn’t

Despite an unexpected and substantial fall in new home construction in June, industry analysts appear undeterred in their veritable housing euphoria. “This reflects a characteristically volatile multi-family sector rather than renewed weakness, and we expect homebuilding volumes to rise further … Continue reading

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Why Home Builders Won’t Drop New Home Prices

Right now the divide between new and existing home prices is wider than ever. The average price of an existing home in December was $231,400, according to the National Association of Realtors, while the U.S. Commerce Department reported the average … Continue reading

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Home Builders Turn to Rental Apartments

“This increase in new construction is congruous with the strength in market fundamentals – strong performance is serving as a catalyst for new development,” said Ryan Severino of Reis Inc. “If anything the amount of new completions that have been … Continue reading

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As Housing Recovers, Will Apartment Boom End?

The latest reports on new and existing home sales seem to indicate that the housing market is beginning to find its footing again. While most believe the recovery will be slow, U-shaped, and bumpy, the free fall appears to be … Continue reading

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