News

he Fannie Mae Home Purchase Sentiment Index remained effectively unchanged in August, with 82% still saying it’s a bad time to buy.

This week on The Home Builder Digital Marketing Podcast, Karyn Bonder of Livabl joins Greg Bray and Kevin Weitzel to discuss the advantages of listing new construction homes on the Livabl platform.

Livabl’s parent company, Zonda, has acquired UTour — an on-demand, interactive self-tour experience serving the new residential construction market.

The inventory crunch in the housing market is putting upward pressure on prices, though Realtor.com does not project prices will reach the same peak levels as June 2022.

The seasonally adjusted estimate of new-home inventory for sale remained above 400,000 for the 17th consecutive month.

The 30-year fixed-rate mortgage (FRM) surpassed 7% for the week ending Aug. 17, reaching its highest level in over 20 years, according to the Primary Mortgage Market Survey from Freddie Mac. The 30-year FRM averaged 7.09%, up from 6.96% the prior week and from 5.13% during the same week a year ago.

Single‐family housing starts increased in July, with a posted rate of 983,000. This figure is 6.7% above the revised June figure of 921,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

If you want to go big, look to the South. That’s what the data says, according to StorageCafe.

New-home sales remained strong through June despite the persistence of high mortgage rates in the economy, according to Zonda's New Home Market Update report.