Housing affordability is on the decline, according to the National Association of Home Builders who points to two major factors holding back affordability.
As the nation begins the slow march toward a housing recovery, all obstacles are put under a microscope - land availability for builders is no exception.
The Protecting American Taxpayers and Homeowners (PATH) Act is currently being considered by a Congressional committee, drawing fire from housing trade groups.
Home builder confidence has hit a significant milestone, but not so fast, this doesn't imply housing has recovered as some are stating it does.
Builder confidence is improving, and buyers are feeling urgent, but more than half of all builders still lack confidence in all areas but one - future expectations.
Builder confidence has continued to improve, but has just had a setback, and although small, it could result in some slight forecasting adjustments for housing.
Builder confidence did not rise, and did not fall, so is this good news or bad news for housing? The National Association of Home Builders offers data that will explain.
Although it has a long way to go until a healthy reading, the builder confidence study reveals that sentiment is up, hitting pre-bust levels.
Builder confidence is at its highest level since February 2007 but has significant room for improvement as housing finds the bottom.
The real estate economy is currently fluctuating, with many indicators still declining, while prices see a slight rebound. The down side is that housing affordability drops when prices rise, creating a good news / bad news scenario.
As the NAHB measures the health of metro areas, several cities were added to the improving markets list, however a handful fell off.
The volume of households headed by people over 55 is growing, and the NAHB reports that this population is very evenly dispersed.
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