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Mortgage Rates Return to March 2020 Levels

Pro Builder

Mortgage Rates Return to March 2020 Levels. At the end of January, the average rate on a 30-year fixed mortgage hit a low of 2.75%—it now rests at 3.45%, the same rate as March 2020. Prices are now up over 10% from this time in 2020, according to CoreLogic, and there appears to be no letup in the gains. Financing.

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Lumber Prices Hit Record High, Threatening Housing's Momentum

Pro Builder

Lumber Prices Hit Record High, Threatening Housing's Momentum. The price tops the most recent peak of $955 set in September 2020 and continues a general pattern of escalation since initial COVID-19 stay-at-home restrictions were put into effect nearly a year ago. Fri, 02/12/2021 - 14:34. Rich Binsacca. and Canada. and Canada.

Housing 119
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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

Mon, 08/03/2020 - 13:00. NAHB Housing Policy Briefing. Even as the nation grapples with the economic effects of the COVID-19 pandemic , Fowke plans to continue the association’s emphasis on improving housing affordability. “We We strive to meet the housing needs of families across the economic spectrum,” Fowke says.

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2020 Builder of the Year: True Homes—a Culture Like No Other

Pro Builder

2020 Builder of the Year: True Homes—a Culture Like No Other. Wed, 12/02/2020 - 12:30. True Homes is Pro Builder 's 2020 Builder of the Year, in large part because of the home builder's purpose-driven company culture, which is yielding truly amazing results. I tell my team to consider that they’re building my mom’s house.

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Home Building by the Numbers

Pro Builder

At the outset of 2020, Emma Shinn felt confident that home builders were poised to have a “super” year. Shinn, perhaps more than most housing industry prognosticators, had the advantage of historical perspective. 2021 Housing Forecast. How Housing Affordability Affects Housing Choice.

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15 Management Systems to Help You Avoid the High-Speed Wobbles

Pro Builder

Unprepared home builders experiencing rapid growth run the risk of squandering opportunities during the best decade in housing’s history. The silver lining: It was an opportunity for new home builders to enter the market as it recovered, and demand for new housing slowly but surely accelerated thanks to a Recession-induced shortfall of 3.8