3/19: MetroIntelligence Economic Update by P. DUFFY

March builder confidence holds steady at 62 Builder confidence in the market for newly-built single-family homes held steady at 62 in March. The HMI component charting sales expectations in the next six months rose three points to 71, the index gauging current sales conditions increased two points to 68, and the component measuring traffic of prospective buyers fell four points to 44. READ MORE   February new home mortgage applications up 6.0 percent from January and 3.0 percent year-on-year The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for…

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Home design trends in demand in 2019

This year is one of continued change in home design as consumers get revved up about more livable spaces and a surge in new home-centered technology. Read More Chicago Agent Magazine https://chicagoagentmagazine.com/2019/03/18/home-design-trends-demand-2019/

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3/15: MetroIntelligence Economic Update by P. DUFFY

January new home sales fell 6.9 percent from December and 4.1 percent year-on-year Sales of new single-family houses in January 2019 were at a seasonally adjusted annual rate of 607,000. This is 6.9 percent below the revised December rate of 652,000 and is 4.1 percent below the January 2018 estimate of 633,000. READ MORE   Producer Price Index edged up 0.1 percent in February, rose 1.9 percent year-on-year The Producer Price Index for final demand edged up 0.1 percent in February, after falling by the same amount in both January and…

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