There’s an uptick in housing inventory in these 10 metros, but don’t expect price relief

~ I was in a meeting where they were discussing this and it was stated that there has been 80,000 units built or put into production to have built this year. What is needed to maintain normal growth is 180,000 units. so we are behind. Plus there were a few dead years in the recession … Continue reading There’s an uptick in housing inventory in these 10 metros, but don’t expect price relief

Buy a new home or existing home?

Is It Better to Build a New House or Buy an Existing One? (Image credit: MoMo Productions/Getty Images) Should you buy an existing home, or a brand new one? Depending on where you're looking or what your budget is, you may not have much choice in the matter, as we'll see below. But what are … Continue reading Buy a new home or existing home?

Where is Amazon Headed Next?

Amazon is hurtling head-first into yet another industry Getty Images / Scott Olson Amazon and homebuilder Lennar announced Wednesday that they're collaborating on a series of model homes that will be fully technology-enabled. The houses will make heavy use of Amazon's Alexa technology, which residents will be able to use to control the television, lights, … Continue reading Where is Amazon Headed Next?

Why High-Flying U.S. Home Prices Seen Getting Another Jolt

Why High-Flying U.S. Home Prices Seen Getting Another Jolt The U.S. housing market’s storyline for the last several years has been one of steady demand and limited supply, pushing prices ever higher. Now, a new chapter has opened up for the industry and its customers: soaring costs for building materials. Reports on Tuesday underscored both … Continue reading Why High-Flying U.S. Home Prices Seen Getting Another Jolt

San Francisco Wins the Homebuilding Race

~good for them!~ San Francisco Wins the Homebuilding Race San Francisco has been known to have an acute shortage of housing inventory. But the Golden Gate City surprised its critics by nearly doubling its historic average number of permits for new homes in its efforts to combat its affordability crisis, according to a study by … Continue reading San Francisco Wins the Homebuilding Race

Tax plan threatens California’s affordable housing package

Tax plan threatens California’s affordable housing package As the final details of the 2018 tax changes slowly emerge from the rush of activity, one seldom talked about piece of the deal exists that endangers California’s pipeline for affordable housing. Earlier in 2017, California’s legislature approved a bond measure to allocate $4 billion to several programs … Continue reading Tax plan threatens California’s affordable housing package

Large Homebuilder Merger

~ I am hoping that with the projected savings they will be able to tackle some more new homes, as with the recent hurricanes and wildfires we are in much more of a dire need ~ Lennar buys CalAtlantic for $5.7 billion amid red-hot housing sales Lennar is buying CalAtlantic Group in a $5.7 billion … Continue reading Large Homebuilder Merger

Trump’s border crackdown is making new homes more expensive

Trump's border crackdown is making new homes more expensive  Last year, Jim Brown and other home builders around Atlanta could get a good framing crew at a rate of $3.25 per square foot. This year, the few framers they can find demand, and get, almost double that. “They can ask anything,” Brown said. “There aren’t … Continue reading Trump’s border crackdown is making new homes more expensive

Sales of new homes tumble to a 7-month low

Sales of new homes tumble to a 7-month low Sales of new single-family homes unexpectedly fell in July, dropping to their lowest level in seven months, which could raise concerns of a slowdown in the housing market recovery. The Commerce Department said on Wednesday new home sales tumbled 9.4 percent to a seasonally adjusted annual … Continue reading Sales of new homes tumble to a 7-month low

With California housing prices surging, developers say they can’t build enough homes

With California housing prices surging, developers say they can’t build enough homes   Construction work on the Rosedale tract on Orange Blossom Way in Azusa Wednesday, July 5, 2017. Home prices continue to trend upward in California. A report released Wednesday by CoreLogic reveals that prices for single-family attached and detached homes rose 5.8 percent … Continue reading With California housing prices surging, developers say they can’t build enough homes