New Construction Home Inspections: Are They Necessary?

Build RealtyMarket News

In the midst of the last recession that crippled the U.S. real estate economy, new construction home inspections virtually disappeared. For several years there was too much available housing inventory at too low a price to make newly constructed homes competitive on cost. Essentially, buying a prebuilt house was more attractive to home buyers than building one. However, now with … Read More

Sales of New Homes Down 8% in January

Build RealtyMarket News

New-home sales fell year over year in all four major U.S. regions. Sales of new single-family homes fell 8 percent year over year in January, the fifth consecutive month of year-over-year declines in new-home sales. But the size of the drop was smaller than in December in all regions except the West, where sales fell by more in January than … Read More

New-Home Sales Saw Double-Digit Drops to Close Out 2018

Build RealtyMarket News

Sales of new homes in all four major US regions dropped in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December. Here’s a look at the annual drop in single-family new-home sales (seasonally adjusted) across the country in the final two months of last year: … Read More

New Construction Home Prices Increased 3.2% in Second Quarter

Build RealtyMarket News

Second-quarter 2018 new construction metrics compared to second quarter 2017: 22.3% of newly built homes sold above their list price, down from 24.8%. For the past seven quarters, the percentage of new construction homes that sold above list has been declining. For existing homes, the percentage sold above list has been increasing over the same time period. New construction home … Read More

What Every Homeowner Needs to Know About Contractors

Build RealtyHome Improvement

Building or renovating a home is a complex project with plenty of moving parts. Even if you’re planning to take a DIY approach, it’s likely you’ll need some help from contractors along the way. Here’s a guide to the types of contractors you might enlist to help you complete your dream home. General contractors If you think of a general … Read More

Here’s the #1 Reason It’s so Hard to Find an Affordable Home

Build RealtyMarket News

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5 Trends in New Home Construction

Build RealtyHome Improvement

In the world of apparel fashion, trends go in and out in a matter of months. For interior design, trends may change year to year. But home construction changes much more slowly – on the scale of decades. Home fashions take a while to build momentum, but they are happening. Here’s a look at five trends in the world of home … Read More

Why Homebuilders Can’t—or Won’t—Meet Housing Demand

Build RealtyMarket News

You’re finally ready to buy a house. Got a decent down payment in the bank, a solid credit history and even a preapproval from a lender. You’re golden. Except you can’t find a house. At least not one you really love that’s in your price range. Something about a lack of inventory in your market. Apparently, there are just not enough houses … Read More