US homebuilder sentiment holds steady in March | Chappaqua Real Estate | #RobertPaulRealtor


U.S. home builders remain optimistic that the housing market will improve, but their expectations for sales over the next six months have dimmed just as the spring home-selling season gets under way.

Source: US homebuilder sentiment holds steady in March | Chappaqua Real Estate | #RobertPaulRealtor

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Over 1/3 of households are now age 55+ in every state | Bedford Real Estate | #RobertPaulRealtor


Households age 55 or older form an important part of the housing market. They define a distinct class of housing, as 55 is the youngest age cutoff mentioned in any of the criteria under which it’s possible legally to build age-restricted housing for older persons.

Source: Over 1/3 of households are now age 55+ in every state | Bedford Real Estate | #RobertPaulRealtor

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Housing Starts and Sales Stumble | Bedford Hills Real Estate | #RobertPaulRealtor


Home building data for January showed declines for new home sales and housing construction. Builder confidence also declined but remains in positive territory.

Source: Housing Starts and Sales Stumble | Bedford Hills Real Estate | #RobertPaulRealtor

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Sales of unbuilt homes hover near a 10-year high | Katonah Real Estate | #RobertPaulRealtor


The latest new home sales report presents a more positive forecast on the future of today’s current inventory crisis after several industry reports give strong concerns over the market’s daunting lack of inventory.

Source: Sales of unbuilt homes hover near a 10-year high | Katonah Real Estate | #RobertPaulRealtor

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Leading Marks Index Points to Slow and Steady Housing Recovery | South Salem Real Estate | #RobertPaulRealtor


The economic and housing recovery continues at a slow, but steady pace. For the country as a whole, theNAHB/First American Leading Markets Index (LMI), released today, rose to .94 in the fourth quarter of 2015, .01 point higher than its level in the third quarter of 2015, .93, and .

Source: Leading Marks Index Points to Slow and Steady Housing Recovery | South Salem Real Estate | #RobertPaulRealtor

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Pending Sales Down | Cross River Real Estate | #RobertPaulRealtor


The Pending Home Sales Index declined 2.5% in January, but has increased year-over-year for 17 consecutive months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased 2.5% in January to 106.

Source: Pending Sales Down | Cross River Real Estate | #RobertPaulRealtor

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New-home sales crush estimates | South Salem Real Estate


2015 tally for new-home sales is 15% higher than 2014 Sales of new homes rebounded handily in December, a signal of continued strength in the housing market. Sales ran at an annual pace of 544,000, the highest since February, the Commerce Department said Wednesday. Economists surveyed by MarketWatch had forecast a 506,000 pace. That represented a 10.8% increase over a slightly upwardly revised November pace of 491,000. New home sales are volatile and often revised, but the trend has been generally up. December’s number was 9.9% higher than the same period a year ago, and there were 501,000 new homes sold during 2015, a 14.5% increase over 2014. Still, new-home sales are a fraction of what they used to be, even before the housing bubble began to swell. Some builders have found it difficult to attract workers, many of whom left the industry when the bubble burst. Many have remained tentative about building too many homes as the economic recovery remained tepid and wages stagnant. Many builders have responded to those market conditions by targeting higher-end customers. Prices have risen steadily over the past few years. They averaged $294,575 throughout 2015, up 4% compared to 2014’s average. Builders, and economists, want to see more first-time buyers entering the market, which would require more moderately-priced homes. That’s a strategy that has worked for the country’s largest builder, D.R. Horton DHI, -0.59% company executives said on a Monday earnings call. Read: First-time buyers slowly return to housing market Many builders have seen solid business growth over the past few years, even as their stocks have struggled. Lennar LEN, +0.12% shares have declined about 9% over the past 12 months, while Toll Brothers TOL, -1.12% is down 28%.

Source: New-home sales crush estimates | South Salem Real Estate | #BedfordRealEstate

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