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/
Read MoreYear: 2024
Builders Sweeten the Deal to Win Over More Buyers
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
Read MoreFed Holds Steady, Sees Stronger Growth
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/
Read MoreU.S. Economic, Housing and Mortgage Market Outlook – March 2024
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
Read MoreBuilder Sentiment Rises Above Breakeven Point
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
Read MoreRealtor Settlement Could Bring ‘Seismic Shift’ To Housing Market
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/
Read MoreHousing Market Puzzle: Interest Rates Didn’t Slow Construction
Housing Market Puzzle: Interest Rates Didn’t Slow Construction The central quandary about the U.S. housing market in 2024 is this: Higher interest rates have caused home sale activity to fall, but contrary to the usual pattern, they haven’t done much damage to… Read More AXIOS https://www.axios.com/2024/03/15/housing-construction-us-economy
Read MoreStrong Rebound in Single-Family Permits at the Start of 2024
Strong Rebound in Single-Family Permits at the Start of 2024 Over the first month of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 75,906. Read More Eye On Housing https://eyeonhousing.org/2024/03/strong-rebound-in-single-family-permits-at-the-start-of-2024/?_ga=2.260409860.846524455.1710780612-652877472.1708014395
Read MoreNew 55+ Communities in Tradition Port St. Lucie
New 55+ Communities in Tradition Port St. Lucie Tradition is a large master-planned community in Port St. Lucie comprised of several neighborhoods, some of which are designated 55+ communities. Read More Florida for Boomers https://floridaforboomers.com/55-communities-in-tradition/
Read MoreToll Brothers Announces New Luxury Waterfront Community, Lakemont, Coming Soon to Hudson, Massachusetts
Toll Brothers Announces New Luxury Waterfront Community, Lakemont, Coming Soon to Hudson, Massachusetts Lakemont by Toll Brothers will offer the rare opportunity to own a new construction home with waterfront views. The community will be located at 50 Old Country Road and sales are anticipated… Read More GlobeNewswire https://www.globenewswire.com/news-release/2024/03/14/2846429/0/en/Toll-Brothers-Announces-New-Luxury-Waterfront-Community-Lakemont-Coming-Soon-to-Hudson-Massachusetts.html
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