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Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

Instead, Clark Ivory reassumed his CEO duties and set a bold, uncharted course to diversify the company’s successful semi-custom, move-up home legacy to include affordable housing for an increasing underserved segment of buyers. Design Within Reach—Exploring Attainable Housing Options. See past Builder of the Year winners. and Outward.

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February Listings Received an Average of Four Offers

Pro Builder

For housing inventory to meet demand, which would mean a six month supply, an additional 2.7 Some areas experienced longer times on the market, such as North Dakota and Montana, while Idaho and South Dakota saw homes snatched up the fastest. Financing. It’s a direct result of high demand and low supply. Read More. .

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Are You Ready for Build to Rent?

Pro Builder

More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy. There are billions and billions of dollars out there to finance homes that can be leased as fast as they can be built.”. It has unlocked better financing options.”.

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Home-Price Growth Is Slowing, But Buyers Are Still Upping Their Budgets

Pro Builder

A separate home-price index from the Federal Housing Finance Agency recorded a 17.4% That report indicated that the Mountain region—Idaho, Montana, Wyoming, Nevada, Utah, Colorado, Arizona and New Mexico—saw the largest price gains. increase between October 2020 and October 2021 nationally.

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Top Three Metros With the Fastest Rising Home Prices

Pro Builder

Separately, the Federal Housing Finance Agency released its own monthly home price index for November. The lack of inventory should continue to fuel home-price increases for foreseeable future, especially in popular markets such as Phoenix and Boise, Idaho. Plus, the supply of homes for sales is all but exhausted. Read More. .

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Homeownership Wealth Gains for Second Quarter of 2020

Pro Builder

Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. Nine of the top 10 metro areas with the largest housing wealth gains over a 10-year period were on the West Coast: San Jose-Sunnyvale-Sta. Homeownership Wealth Gains for Second Quarter of 2020. cbroderick.

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More Americans Became Equity Rich During the Pandemic

Pro Builder

Idaho, where prices have boomed in recent years, leads the pack as 65.1% A home is underwater when the owner owes far more to the bank than the house is worth.) of all homes with mortgages there were equity rich. of homes with a mortgage were underwater in the third quarter, compared with 6% the year before. New-Home Sales.

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