We often hear that the housing industry is a key indicator of the U.S. economic recovery – and a key driver in that recovery – but how many Americans really understand the facts? The National Association of Home Builders (NAHB) has examined the economic benefits of new home construction, and the facts are compelling – especially in three key areas: Jobs…Jobs…and more Jobs Generating Taxes for Communities Housing’s Role in Putting America Back on Track Jobs: The NAHB estimates that for each new single-family home that is built, three new jobs are created. These jobs are created in the construction…Read more
Checklist for Hiring a Home Builder
Aside from finding and buying a lot for your new home, few decisions are as important as choosing your home builder. Whether you already have a dream home in mind and need builders to make it a reality or want to get ideas from the experts first, get some guidance from the National Association of Home Builders (NAHB). Their checklist is an excellent starting point for future homeowners who are looking for the right builders. Get meaningful recommendations. Start with your local or regional homebuilders’ association. These organizations can provide a list of member builders in good standing….Read more
Home Builder Loan Market…Not So Terrible?
Whether it’s houses, land or lots for sale, too many in the real estate industry have seen deals fall apart because of the tight lending market over the past few years. Words to describe the lending market in recent years might include: “terrible”, “non-existent” or “impossible”…making a report of “neutral” something to celebrate. The NAHB recently issued its “Survey on Acquisition, Development & Construction Financing” for the second quarter of 2012, which describes homebuilders’ and developers’ current experiences with the availability of loans for land acquisition, land development and home construction. What can we glean from the survey? Our key…Read more