Welcome to today’s Real Estate news! Stay up-to-date with the latest updates in the housing market. Discover valuable insights into new residential construction in the United States, provided by the Economic Indicators Division and Residential Construction Branch of the Census Bureau. Explore the challenges faced by homebuilders, including the impact of elevated mortgage rates and homeowners’ reluctance to sell their properties. However, there is optimism for the future, as potential rate cuts and lower lending rates may improve the environment for homebuilding. Learn about the latest trend in new construction homes, where designers are maximizing space and affordability by eliminating hallways. Additionally, don’t miss the opportunity to explore the Greater Montgomery Home Builders Association’s Showcase of Homes, featuring the latest design trends and ideas in new home construction. Start your journey into the exciting world of real estate today!
New Residential Construction Press Release
Discover the latest updates on new residential construction in the United States. The Economic Indicators Division and Residential Construction Branch of the Census Bureau provide valuable data and insights into this dynamic industry. From contact information to media inquiries, we’ve got you covered.
Homebuilders still glum with rates still high – Marketplace
Discover the latest insights into the housing construction industry and the challenges faced by homebuilders. Despite a major shortage of housing in many parts of the country, builders’ confidence in the market for new single-family homes has been declining. Elevated mortgage rates and homeowners’ reluctance to sell their properties are contributing to the slowdown in new construction.
However, there is cautious optimism for the future, as potential rate cuts and lower lending rates for construction loans may improve the environment for homebuilding. A stronger market for new homes could also boost related industries like renovations and remodeling.
To learn more about the current state of the housing construction industry and its impact on homebuilders, click here.
New Construction Home Prices, Size Fall by Cutting Hallways | Money
Discover the latest trend in new construction homes: the elimination of hallways to make them more affordable. Designers are creatively maximizing areas that homeowners care about, while skipping features that take up space and add to the overall cost. This approach allows for smaller, lower-priced homes that meet the demands of the market.
According to a study from the National Association of Home Builders, builders are focusing on constructing smaller homes to bridge the affordability gap. The median sales price for brand-new homes is now cheaper than existing homes, providing an attractive option for buyers.
To learn more about the shift in new construction home design and its impact on prices, click here.
Showcase of Homes features local builders, latest design trends
Explore the Greater Montgomery Home Builders Association’s Showcase of Homes on July 20-21. This event offers a unique opportunity to get an up-close look at the latest design trends and ideas in new home construction. With over 30 homes featured in more than 20 neighborhoods, prospective buyers can tour and purchase homes in Montgomery, Pike Road, Prattville, Wetumpka, and even Lake Martin.
Don’t miss this chance to interact with builders, ask questions, and find your dream home. For a complete list of homes and more information, visit the Greater Montgomery Home Builders Association website. Homes will be open for tours from 1:00 p.m. to 6:00 p.m. on both Saturday and Sunday.