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Homebuilder Confidence Climbs To Nine-Year High

It’s been nearly a decade since builders were this confident in the market for newly built, single-family homes. Builders’ confidence rose for the fourth consecutive month in September, according to new data from National Association of Home Builders (NAHB). It’s a strong signal that the housing industry is gaining more momentum. To create its NAHB/Wells Fargo Housing Market Index, the a...
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Why Simply Improving Homebuyer Education May Benefit The Housing Market

A major portion of U.S. borrowers thinks it’s harder to get a mortgage than it really is – a misconception that may be hampering home purchases. In a recent a survey conducted by Wells Fargo & Co., the nation’s largest mortgage lender, nearly half of respondents believed that a 20 percent down payment is required – when in reality, that much is not required for many loan programs. Me...
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Tear-downs force zoning regulations to be amended in major cities to preserve neighborhood charm

Across the country, more homeowners who would have in the past chosen suburban living are instead settling in the city. One downside to this urban renaissance: tear-downs. Never mind the sights and sounds of construction in otherwise quiet neighborhoods. In many cases, these demolish-and-rebuild projects have drawn the ire of neighbors and city planners alike as historic, character-drive...
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What you need to know about the Home Depot data breach

Earlier this week, Home Depot confirmed it was the target of a month-long data breach that may have compromised more than 40 million credit or debit cards. The breach apparently took place during the month of April, and according to sources, may be far more severe than similar breaches that affected Target and Neiman Marcus customers in 2013. The good news: Home Depot is acting quickly a...
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Lot sizes shrink even as homes grow

As they say in football, every inch counts. The same is true with home ownership, where the U.S. Census Bureau’s Characteristics of New Single-Family Houses Sold finds lot sizes have shrunk dramatically over the past two decades. Over on the National Association of Home Builders’ Eye on Housing blog, Paul Emrath writes that a football field might provide the best measuring st...
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