U.S. home builder confidence retreats despite lower mortgage rates – ET RealEstate

seeing if the market rate would digest the higher interest rates, the run up in home prices. And what we saw this month was basically a fall back where builders are saying, OK, now housing affordability is a real issue. OLICK: Builder confidence dropped in November to the lowest reading since August of 2016.

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According to the latest Residential Construction report from the U.S. Census Bureau, housing starts in October were up a whopping 13.7 percent over September. That’s 1.29 million new houses.

Often, new home buyers have access to mortgage financing advantages that are available through the builder. Larger builders in particular may offer to pay closing costs, or buy down certain rates for the buyer. This isn’t going to happen when you buy a home on resale. So, buying a new construction home is definitely better.

Builders get more confident. As demand continues to rise for new construction, America’s home builders are getting more confident. According to NAHB’s most recent Housing Market Index, builder confidence is at a "healthy 72 level" for February. Builders are particularly optimistic about future sales, Dietz said.

Places for people and ilke modular homes deal A Yorkshire-based manufacturer of modular housing is set to deliver 750 new homes in a deal said to be the largest yet for the offsite manufacturing (osm) sector. Places for People says its "pioneering" joint venture with ilke Homes is a show of confidence in a growing OSM industry.

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U.S. home builder confidence retreats despite lower mortgage rates – ET RealEstate The US economy continued growing, despite. confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our.

Falling home prices: The silver lining. nationally, 55% of homes sold from April through June were affordable to families earning the U.S. median income of $61,500, according to a quarterly report released Tuesday by the National Association of Home Builders (NAHB). That’s up from 53.8% in the first quarter of 2008,

U.S. home builder confidence retreats despite lower mortgage rates – ET RealEstate. NC Senate Republicans propose more tax cuts .

Rates for home loans headed lower in the October 19 week, snapping a five-week streak of increases, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.88% during the week, down 3 basis points. The 15-year fixed-rate mortgage averaged 3.19%, down from 3.21%.