All the HMI indices rose in October: The HMI index gauging current sales conditions was up three points to 78, the component measuring sales expectations in the next six months jumped six points to 76 and the measure charting traffic of prospective buyers saw a four-point increase to 54. Looking at the three-month moving averages for regional HMI scores, the Northeast posted a one-point gain to 60, the Midwest also saw a one-point uptick to 58, the South registered a three-point increase to 73 and the West was also up three points to 78.
“The second half of 2019 has seen steady gains in single-family construction, and this is mirrored by the gradual uptick in builder sentiment over the past few months,” said NAHB Chief Economist Robert Dietz. “However, builders continue to remain cautious due to ongoing supply side constraints and concerns about a slowing economy.”
According to Urban Land Institute's recent Real Estate Economic Forecast, inventory problems related to construction costs will hamper the single-family housing market, even as the economy remains on solid footing.
Location will be headed by branch manager Jesse Seidel.
Geneva Financial, a direct mortgage lender, has announced the opening of a new branch in Greenwood Village, Colo., led by branch manager Jesse Seidel.
Seidel and his new branch serve homebuyers throughout the state and over 15 other states ac...
Rick Hogle will manage overall performance of retail operations.
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced Rick Hogle has joined the company as chief revenue officer, where he will manage the overall performance of Cherry Creek’s retail operations.
In his new role, Hogle will oversee the growth and deve...
The legal battle between REX Home Loans (Real Estate Exchange, Inc.) and NAR continues to heat up, even though REX is reported to have shut down operations.
Sustainable Communities Innovation Challenge seeks ideas to advance racial equity in housing, focusing on addressing supply, funding and credit barriers.