Sentences with phrase «existing home market»
Both new and existing home markets seem to value the addition of a PV system, with premiums averaging $ 3.58 / watt for new homes and $ 4.51 / watt for existing homes.
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After posting their strongest increase in 16 years in 2005 (10.2 per cent), house price growth in 2006 will moderate to 4.9 per cent as existing home markets become more balanced, CMHC says.
Over in the existing home market, however, there is nothing to shout about.
«A recovery in new homes will be slow because of the extra price discount in the existing home market,» Yun noted.
However, in 2006, the existing home market is expected to become more balanced, says CMHC, causing price growth to slow to 4.9 per cent.
Louis notes that the new home industry creates a lot of economic activity and contrasts the economic activity engendered by the existing home market.
The existing home market is extremely heavy in first - time buyers who tend to be younger and less affluent.
Toronto's existing homes market is seeing a massive decline in prices — or is it?
However, recent price growth may be helping to add inventory to the existing home market.
Some building material prices costs have increased in the past six months but home building remains very competitive with the existing home market so the price increases are more likely a sign of different homes sold than similar homes costing more.
«However, increased competition from the existing home market and rising mortgage carrying costs due to strong house price growth and modest increases in mortgage rates will slow the pace of new home construction in 2006.»
The cash share for new homes is smaller because cash buyers in the existing home market are looking for bargains for rental purposes, while for - sale new construction is dominated by owner - occupiers.
«Increased competition from the existing home market, coupled with the elimination of the pent - up demand that built up during the 1990s, will exert downward pressure on housing starts, which will decline to 194,000 units in 2009 from 215,000 in 2008.»