Sentences with phrase «demand for new homes»

The book was clearly intended to encourage demand for new homes as it also included more than 130 plans for moderately priced small houses built in a variety of markets throughout the nation.

As the rest of the cohort enters their peak spending years, their aggregate spending is expected to increase 25 %, driving demand for new homes and financial security.

The American housing stock continues to age, a trend that represents an opportunity for remodelers and over the long term may signal a future increased demand for new home construction.

«Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the country,» says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. «In view of the tightening supply and other improving conditions, many potential buyers who were on the fence are now motivated to move forward with a purchase in order to take advantage of today's favorable prices and interest rates.»

«The September sales numbers show that there is solid, growing demand for new home construction,» said NAHB chairman Granger MacDonald.

«Steady demand for new homes is prompting builders to put more construction crews back to work in order to replenish thin supplies of completed product,» notes Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C. «We expect this progress to continue through the spring buying season and beyond, with credit availability and poor appraisals being the primary limiting factors.»

Chief among them are the likelihood of duties being raised at the Canadian border, possibly as early as next month; President Donald Trump's calls to renegotiate NAFTA; and growing demand for new homes following the housing crisis as consumer optimism improves and millennial buyers finally seem eager to enter the market.

Still, he said Orland Park's staff has always worked well with builders and there is still a strong demand for new homes in the community.

«However, against the improving demand for new homes, concerns are now rising about the lack of building lots in certain markets and the rising cost of building materials.

Previously owned homes are currently selling well below the cost of new construction as a deluge of foreclosed properties continues to depress prices, dampening demand for new homes.

Canadian builders can expect their second consecutive year of lower profits in 2008, as demand for new home construction weakens, says the Conference Board's Canadian Industrial Outlook: Canada's Residential Construction Industry — Summer 2008.

«Steady demand for new homes is prompting builders to put more construction crews back to work in order to replenish thin supplies of completed product,» says Rick Judson, chairman of the National Association of Home Builders.

The $ 2.2 billion iShares U.S. Home Construction ETF (ITB) and the $ 1.1 billion SPDR S&P Homebuilders ETF (XHB) fell more than 1.5 % each amid concerns that demand for new homes could drop with the reduction in the cap on mortgage interest deductions.

Demand for new homes, combined with low supply growth, has generated increased sales volume, as well as higher average sales and closing prices.

This leads me to believe that the worst is behind us and that as the economy and labor market continue to improve, so too will demand for new homes.

However, many still feel that demand for new homes is primarily being supported by accommodative interest rates.

Since the demand for new homes is so high right now, a Mortgage Broker will also help both first - timers and home - owners peeking around the markets with a pre-approval before you start considering making an offer on a new home.

«Despite this upward trend over the past five years, the massive loss of home equity during the housing crisis forced many homeowners to stay in their homes longer before selling, effectively disrupting the historical domino effect of move - up buyers that feeds both demand for new homes and supply of inventory for first - time homebuyers,» Blomquist says.

Phillips» experience with foreclosures gave her the impression that there was a pent - up demand for new homes, so she sought another opportunity in new construction.

The relationship between rates and home sales is most evident so far with new homes: As interest rates have risen, demand for new homes has also fallen.

The article credits this trend to a combination of low mortgage rates and a steady job market, and in fact, the demand for new homes has surpassed the supply of new homes available for purchase.

This translating into home sales, which equals a demand for new homes to be built.

Demand for new homes and resale homes will decrease with rising interest rates and with the approaching inflation this year, after a short spurt of buyers trying to get in on the market before the rates (and home prices) get too high.