Posts Tagged housing

How is the Government Shutdown Affecting the Housing Market?

government building on dark background

In a recent article, the National Association of Home Builders (NAHB) explained some of the effects the housing market is experiencing (or can soon expect) from the partial government shutdown. While we are nonpolitical, we felt it was important and timely to share this information with our readers. In this post, we’ll review the major highlights from the NAHB report and provide a simple breakdown of the shutdown and how different areas of the housing and real estate markets are being impacted. 

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Builder Confidence Reaches 8-Month High in November

home builders

Home builders are feeling a lot better about where the new housing market is headed, thanks to a consistent increase in demand and a continuing struggle with real estate inventory. According to the latest information from the National Association of Home Builders (NAHB), builder confidence in the market for newly-built, single-family homes rose 2 points to a level of 70 in November, marking the highest reported confidence level since March and the second highest on record since July 2005.

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New Home Sales Pace Hits 10 Year High

newly built modern home

The pace of newly built, single family home sales hit a record high for September, rising 18.9 percent to a seasonally adjusted annual rate of 667,000 units from an upwardly revised August reading, according to data from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This significant gain in new home sales helped push new home sales to its highest pace in a decade. 

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Lisle, IL 60532
Phone: 630-796-6092
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