As I noted in my previous blogs, during the Building Contractors Association of Southwestern Idaho Political Action Committee interviews of candidates for public office, the majority of the candidates cited the lack of affordable housing as one of major the issues facing us. But we are not alone. An August…
As I noted in my last blog, during the Building Contractors Association of Southwestern Idaho Political Action Committee interviews of candidates for public office, the majority of the candidates cited the lack of affordable housing as one of major the issues facing us. During the discussions, a number of the…
Two articles caught my attention today. The first was a blog post by National Association of Home Builders economist Robert Dietz titled “Single Family Home Size: Flat Trends”. Mr. Dietz reported that according to third quarter 2015 data from the Census Quarterly Starts and Completions by Purpose and Design and…
Homeownership is the Foundation of the American Dream. • For many people, owning a home is part of their American Dream. Homeownership builds stronger communities, provides a solid foundation for family and personal achievement and improves the quality of life for millions of people. It is truly the cornerstone of…
According to recently released data from HUD and the U.S. Census Bureau, sales of newly built, single-family homes rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units in May. This is the highest new-home sales rate since February 2008. The National Association of Realtors reported that the…
A recent survey of 503 Millennials (people ages 25 to 34 including 203 current homeowners and 300 individuals who plan to buy a house within 12 months) reveals that Millennial home buyers are interested in maximizing space and affordability while maintaining a level of community found in urban environments, and…
According to Realtor.com’s Chief Economist, Jonathan Smoke , buying a home now could save you more than $200,000 over the next 30 years. But buying a home costs money – the down payment, the monthly mortgage payment, the taxes, the insurance, and the maintenance. It enough to make you put…
A recent survey conducted by John Burns Real Estate Consulting, LLC offered some insight into why prospective shoppers are reluctant to purchase. Of the more than 20,000 people who had recently visited a new home community and responded to the survey questions, 75% were current homeowners, 20% were renters, and…
