Uncategorized Archives - Residential Contractor

Where Trump and Biden Stand on Mortgage Finance

Where Trump and Biden Stand on Mortgage Finance The two presidential candidates take different approaches, as Trump would focus on returning Fannie Mae and Freddie Mac to private ownership while Biden would focus on affordable housing… Read More Wall Street Journal https://www.wsj.com/articles/where-trump-and-biden-stand-on-mortgage-finance-11602158413

30-year mortgage rate remains near record low, says Freddie Mac

30-year mortgage rate remains near record low, says Freddie Mac Mortgage rates continue to stay near its record low as Freddie Mac reports that the average rate for the week is 2.87%…. Read More Bankrate.com https://www.bankrate.com/mortgages/freddie-mac-mortgage-rates-october-8/

Denver suddenly has one of the most competitive housing markets in America

Denver suddenly has one of the most competitive housing markets in America Homes are getting picked up quickly in Denver as 3,041 single-family homes were listed for sale during the month of September, a vast different from the previous low of 5,693 which occurred in September 2017… Read More CNBC https://www.cnbc.com/2020/10/05/this-city-now-has-one-of-the-most-competitive-housing-markets-in-america.html

10/9: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Initial unemployment claims edge down 1.1 percent as continued claims decline 8.3 percent In the week ending October 3, initial unemployment claims were 840,000, a decrease of 9,000, or 1.1 percent, from the previous week’s revised level. The advance number continued claims during the week ending September 26 was 10,976,000, a decrease of 1,003,000, or 8.3 percent, from the previous week’s revised level. The total number of people claiming benefits in all programs for the week ending September 19 was 25,505,499, a decrease of 1,003,179, or…

U.S. housing market to remain a bright spot in a weak economy

U.S. housing market to remain a bright spot in a weak economy According to the newest Reuters poll, property analysts have found that U.S. house prices will keep surging, serving as a bright spot in the economy, which has been affected by the pandemic… Read More Reuters https://www.reuters.com/article/usa-property-poll/poll-us-housing-market-to-remain-a-bright-spot-in-a-weak-economy-idUSL4N2GQ2C1

Watch Young Building Professionals Discuss their Career Paths

Watch Young Building Professionals Discuss their Career Paths NAHB Student Chapters recently partnered with Cue Career to create a series of video interviews featuring young home building professionals describing their career journeys… Read More National Association of Home Builders https://nahbnow.com/2020/09/watch-young-building-professionals-discuss-their-career-paths/?_ga=2.67249297.1687637235.1599605432-413231712.1591378032

9/4: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Initial unemployment claims dip 15 percent to 881,000, continuing claims fall 9 percent to 13.2 million In the week ending August 29, initial unemployment claims were 881,000, a decrease of 130,000, or 14.8 percent, from the previous week’s revised level. Continuing claims during the week ending August 22 were 13,254,000, a decrease of 1,238,000, or 9.3 percent, from the previous week’s revised level.The total number of people claiming benefits in all programs for the week ending August 15 was 29,224,546, an increase of…

Even during pandemic, homebuilder DSLD is setting records as millennials tap low interest rates

Even during pandemic, homebuilder DSLD is setting records as millennials tap low interest rates DSLD is projecting to build about 150 to 250 more homes this year than it forecast six months ago… Read More The Advocate https://www.theadvocate.com/baton_rouge/news/business/article_32c1eb60-dcdd-11ea-8725-9ffb44e8ca65.html

Home Design Trends Change with COVID-19

Home Design Trends Change with COVID-19 Nina Green, Principal Designer for NGD Interiors, a Philadelphia Interior design firm, provides insight on changes in interior design due to the pandemic… Read More WFMZ-TV 69 News https://www.wfmz.com/news/state/home-design-trends-change-with-covid-19/article_0fd6e5eb-8517-5610-978e-8c8b42a695e1.html

The Great American Housing Boom Has Begun

The Great American Housing Boom Has Begun Data from new homes sales and growth in the average home sale price indicate positive findings from the American housing market; it also shows that coronavirus has not caused a significant dent in the market. Read More Forbes https://www.forbes.com/sites/stephenmcbride1/2020/07/31/the-great-american-housing-boom-has-begun/#2d4dbaea337b