National Association of Home Builders

Realtor BG Holmberg Helps Home Buyers Considering New Construction

TAMPA, Fla./ July 09, 2018 (STL.News) BG Holmberg, PA, a South Tampa Realtor for new construction homes and luxury real estate, has been in the industry for over twenty years. He is the #1 single agent in the South Tampa Smith & Associates office and as he specializes in new construction, Holmberg offers important tips … Continue reading Realtor BG Holmberg Helps Home Buyers Considering New Construction

Builder optimisms bounces in May after 4 month slide

May 15, 2018 (AP)(STLRealEstate.News) — U.S. homebuilders are feeling more confident about their sales prospects, reflecting strong demand for newly built homes with existing homes in short supply. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose two points to 70 this month. That’s up from a revised reading of 68 … Continue reading Builder optimisms bounces in May after 4 month slide

Trade groups say US tariffs on aluminum, steel will hurt

LOS ANGELES/March 8, 2018 (AP)(STLRealEstate.News) — A broad swath of U.S. industries is unhappy with the tariffs that the Trump administration is imposing on aluminum and steel imports, warning the penalties will jack up costs, raise prices for consumers and potentially put people out of work. Despite objections voiced by many business trade groups and … Continue reading Trade groups say US tariffs on aluminum, steel will hurt

Despite Record-High Costs, New Home Construction Showed Modest Growth in the Fourth Quarter, Redfin Finds

SEATTLE/ March 5, 2018 (STLRealEstate.News) — (NASDAQ:  RDFN) — New construction homes accounted for 16.4 percent of all single-family homes for sale in the fourth quarter of 2017, up from 14.2 a year earlier, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The median price of new single-family homes that sold last quarter was $377,800, … Continue reading Despite Record-High Costs, New Home Construction Showed Modest Growth in the Fourth Quarter, Redfin Finds

US homebuilder sentiment hits highest mark since 1999

WASHINGTON/December 18, 2017 (AP)(STLRealEstate.News) — U.S. homebuilders are feeling more optimistic than they have in nearly two decades. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose five points to 74 this month. That’s the highest reading since July of 1999, more than 18 years ago. Readings above 50 indicate more builders … Continue reading US homebuilder sentiment hits highest mark since 1999

Homebuilders gloomy, asset managers relieved over tax plan

NEW YORK/November 16, 2017 (AP)(StlRealEstate.News) — Proposed changes in the GOP tax plan could affect homeowners in more expensive neighborhoods and car buyers interested in electric vehicles. Investors in tech companies could see higher dividends. Future retirees and asset managers are happy about a change that didn’t materialize. A look at how the GOP tax … Continue reading Homebuilders gloomy, asset managers relieved over tax plan

US home construction tumbled 4.7 percent in September

WASHINGTON/October 18, 2017 (AP)(StlRealEstate.News) — Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building. The September result left construction at a seasonally adjusted annual rate of 1.13 million units, the Commerce Department reported Wednesday. It was the sharpest decline since a … Continue reading US home construction tumbled 4.7 percent in September

Plan to scrap state and local tax deduction hits resistance

WASHINGTON/October 12, 2017 (AP)(StlRealEstate.News) — President Donald Trump’s tax overhaul package is getting resistance from an unusual alliance of interests opposed to his plans to scrap the federal deduction for state and local taxes. Republican lawmakers from high-tax states such as New York, California and New Jersey, along with labor unions and business groups like Realtors, … Continue reading Plan to scrap state and local tax deduction hits resistance