Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly Housing Market Index from the National Association of Homebuilders registered 13 this month -- three ticks lower than last month, and its lowest level since September 2010.
June's 3-point drop from May is the biggest one-month move since May 2010, the month after the expiration of the federal home buyer tax credit. The retreat could signal favorable pricing for new home buyers in Longwood in the months ahead.
When builders get less bullish on....
Read the COMPLETE BLOG POST HERE:
 |
|
|
Chris is a Team Leader at Certified Mortgage Planners. He's a published author, frequent contributor to local Fox News affiliate & recently voted as a Top 40 Mortgage Professional Under 40 by NMPM.
How Do I Clean Up A Broken Compact Fluorescent Bulb?
What You Need To Know About The Home Inspection Process
A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)
Existing Homes Sales Slip In May
How To Clean Outdoor Furniture : Resin, Wood And Metal
HOA Hurdles to be Aware of When Looking at New Properties
Housing Starts Climb Unexpectedly In May
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
