New-home sales fall abruptly in February for first time in 3 months

Sales of newly built homes slipped a modest 0.3 percent between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the U.S. Census Bureau. Continue reading

Knock on wood: Cost of lumber drops back to pre-pandemic levels

Lumber futures have fallen back to where they were before the pandemic ignited a boom in housing and stretched supply chains to the limit, according to data compiled by Nasdaq. Continue reading

Prices for home construction materials dip for first time in 2021

Builders got a break in August from the price increases of previous months, but the unpredictable swings in costs remained unwelcome. Continue reading

Buy and build with Welcome Homes’ online new construction platform

Welcome Homes augments a streamlined business plan with dynamic 3D visualization to let new homebuyers build and buy directly from their browsers. Continue reading

How to support your agents in this ultra-competitive seller’s market

Across the country, nearly every major market is hearing the same song: low inventory, high demand, and a knock-down, drag-out fight for buyers trying to get a home, especially in the entry-level pricing brackets. Here are a few tips for encouraging yo… Continue reading

Builder confidence rises due to falling mortgage rates

Builder confidence for newly-built single family homes is rising due to falling mortgages, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The HMI rose two points in January to 58 on an index… Continue reading