Month: March 2024

New 240-Unit Phoenixville Luxury Apartment Complex Opens The sprawling new luxury housing complex features a huge conservatory with views of French Creek, a pool with a sun deck, and more. Read More Patch https://patch.com/pennsylvania/phoenixville/new-240-unit-phoenixville-luxury-apartment-complex-opens

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Lennar Begins Sales at Balm Grove, a New Master-Planned Community in Wimauma, Florida The community brings 14 new one- and two-story home designs to area home shoppers, including Lennar’s highly popular Next Gen multigenerational floorplan. Read More PR Newswire https://www.prnewswire.com/news-releases/lennar-begins-sales-at-balm-grove-a-new-master-planned-community-bringing-14-stunning-single-family-home-designs-to-wimauma-florida-302092598.html

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ultegroup Design Team Reveals Top Home Trends for 2024 Drawing on the expertise of a dedicated design team that serves the most trusted brands in homebuilding, PulteGroup Inc. is presenting prospective buyers with its unique perspective on… Read More Pulte Group https://www.pultegroupinc.com/investor-relations/press-releases/press-release-details/2024/PulteGroup-Design-Team-Reveals-Top-Home-Trends-for-2024/default.aspx

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Raised Patios, Rooftop Lounges and More: How Homeowners Are Transforming Small Yards In Big Ways While most homeowners would love a spacious corner lot, the majority aren’t so lucky. Fortunately, limited space doesn’t have to mean limited use when it comes to your yard. Read More U.S. News & World Report https://realestate.usnews.com/real-estate/articles/raised-patios-rooftop-lounges-and-more-how-homeowners-are-transforming-small-yards-in-big-ways

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Increased Demand Pushes up Many Lumber Prices Panel prices soared, amid widespread confusion. As rising demand outstripped limited supply, lumber and stud prices gained momentum. Read More Lesprom https://www.lesprom.com/en/news/Increased_demand_pushes_up_many_lumber_prices_112352/

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Builders Sweeten the Deal to Win Over More Buyers Reduction in home prices and mortgage rate buydowns are still on the table for the nation’s homebuilders as they try to woo buyers this spring. Read More National Association of REALTORS https://www.nar.realtor/magazine/real-estate-news/builders-sweeten-the-deal-to-win-over-more-buyers

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Fed Holds Steady, Sees Stronger Growth The Federal Reserve’s monetary policy committee held the federal funds rate constant at a top target of 5.5% at the conclusion of its March meeting. Read More Eye On Housing https://eyeonhousing.org/2024/03/fed-holds-steady-sees-stronger-growth/

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U.S. Economic, Housing and Mortgage Market Outlook – March 2024 While the U.S. economy remains robust, inflation pressure continues, which could keep mortgage rates higher for longer. Home sales ticked up slightly because of lower mortgage rates in January. Read More Freddie Mac https://www.freddiemac.com/research/forecast/20240320-us-economy-remains-robust

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Builder Sentiment Rises Above Breakeven Point A lack of existing inventory that continues to drive buyers to new home construction, coupled with strong demand and mortgage rates below last fall’s cycle peak helped push builder sentiment above… Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2024/03/builder-sentiment-rises-above-breakeven-point

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Realtor Settlement Could Bring ‘Seismic Shift’ To Housing Market A major settlement reached between the National Association of Realtors and home sellers could bring significant changes to the real estate world. Read More The Hill https://thehill.com/business/4535485-nar-settlement-commission-fees-housing-market/

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