Keeping Current Matters
AUGUST 26, 2020
With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. New Construction .
Realty Biz
MARCH 4, 2024
Embarking on the journey of purchasing new construction, particularly a freshly constructed one, is a thrilling venture brimming with anticipation. So, What Isn’t Included with a New Construction Home? The post What Isn’t Included with a New Construction Home?
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Housing Wire
SEPTEMBER 26, 2023
“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000.
Housing Wire
FEBRUARY 1, 2023
Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.
Keeping Current Matters
DECEMBER 8, 2021
With so few homes available to buy right now, you might be considering building a new home as one of your options. First, let’s look at the benefits of purchasing a newly constructed home. With a brand-new home, you’ll be able to: 1. Buying a new construction vs. existing home typically means you’ll have fewer repairs to do.
Marco Santarelli
APRIL 17, 2024
New home construction experienced a significant setback in March , marked by a notable decline in activity across various regions, especially in the Northeast. In March, the pace of new construction witnessed a substantial slowdown, evidenced by a 14.7% decrease in housing starts compared to the previous month.
Housing Wire
NOVEMBER 4, 2021
For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. million new hires for construction. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed.
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