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Mortgage Rates Highest Since October 2019

Pro Builder

Mortgage Rates Highest Since October 2019. Following strong employment in January, the most prevalent 30-year fixed mortgage rate is steadily rising toward 4.0%, the highest since October 2019, Bill McBride reports in the CalculatedRisk Newsletter. Mon, 02/07/2022 - 10:53. 30-year fixed mortgages reached 4.0%

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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. As the construction industry struggles to recruit, train, and retain workers, delayed projects and lingering inventory shortages will continue to limit affordability for homebuyers. . percent in 2019 to 10.9

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Does Your Market Make the List of Best Cities for First-Time Buyers?

Pro Builder

buyers, but the share has dropped to 31% in 2019. Economists say it’s likely due to hurdles such as rising home prices and tight inventory. Nashville, Tennessee ranks in the top 10% of cities for three of the four categories that we considered: home market favorability, affordability and employment. Henderson, Nev.,

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Leading the Home Building Industry: Pro Builder's 2021 Forty Under 40

Pro Builder

Accomplishments • Becoming president of Boone Homes, effective April 1, 2021 • 670 new lot acquisitions since October 2019 • Directly responsible for acquiring three new communities consisting of 148 developed lots and a potential 522 lots from three raw land acquisitions • Winner of multiple awards from the Home Building Association of Richmond.

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Shovel-Ready Sites: Ready To Hit The Ground Running

Business Facilities

From the July/August 2019 Issue. The facility is on schedule to be completed by early fall of 2019. “My Nickson Industrial Warehouses is building three Class A tilt-wall buildings in the park, adding unique inventory to Tomball. By the BF Staff. States across the U.S. Finally, Dkota Investments, Inc.,

Site 87
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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

economy into its worst quarter since the Great Depression, with unprecedented declines in gross domestic product, employment, consumer confidence, retail spending, and just about every other metric. . . In the last quarter of 2019, he looked at his spec home inventory and decided he needed to move some units.

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Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

So he rallied other chief executives and employers to join the newly formed Housing Gap Coalition through the local Chamber of Commerce—and not just builders and developers, but also insurance companies, bankers, and a variety of others. Photos: courtesy Ivory Homes. The Prize of Innovation.