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5 Tips When Buying a Newly Constructed Home

[ad_1] The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure…
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New Home Sales Up 12.7% From Last Year

[ad_1] According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year…
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Epic Housing Shortage Being Reported

[ad_1] The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two…
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The Supply & Demand Problem Plaguing New Construction

[ad_1] Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search…
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#1 Answer to the Housing Shortage: New Construction

[ad_1] The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home…
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Builder Confidence Hits 11-Year High

[ad_1] In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one…
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New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]

[ad_1] Some Highlights:Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.The median home price…
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New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]

[ad_1] Some Highlights:Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.The median home price…
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Why We Need More Newly Constructed Homes

[ad_1] The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years.…
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5 Stats that Prove the Real Estate Market is Getting Stronger

[ad_1] Whenever there is talk about an improving housing market, some begin to show concern that we may be headed toward another housing bubble that will be followed by a crash similar to the one we saw last decade.Here are five data points…
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New Construction Numbers: Now Versus 2005

[ad_1] There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005…
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Housing Market Slowing Down? Don’t Tell Builders!

[ad_1] Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since…