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If Rates Are Low Why Are Home Prices Rising?

Pro Builder

Mon, 10/19/2020 - 12:32. The combination of what could be the lowest mortgage rates of our lifetimes, a paucity of inventory, and a desperate rush of buyers has resulted in median home list prices hitting new records. If a buyer wants to win the bid on a home, they have to offer above asking price.". Prices were 12.2%

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Top 10 ERP Solutions for Construction Firms

Construction Marketing

According to BSEC’s glossary of software terms , Enterprise Resource Planning Software is a product that “allows a company to manage various aspects of a business — such as accounting, inventory and human relations — in one place. Contact us for a free consultation and sign up for our 2020 Construction Marketing Outlook webcast.

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Starter Home Inventory at Five-Decade Low

Pro Builder

Starter Home Inventory at Five-Decade Low. There were 418,000 new starter homes constructed in the late 1970s, but there were just 65,000 starter homes completed in 2020. Freddie Mac defines entry-level housing as homes up to 1,400 square feet, and inventory for those homes is now at a five-decade low, reports Realtor.com.

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Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

The builder reported 1,323 closings in 2020, raising its ranking among Pro Builder’s 2021 Housing Giants to No. That amenity, along with water conservation measures, became a standard feature for all Ivory Homes in 2020. Also, starting in 2020, every home is pre-wired for an electric vehicle charging outlet.