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Epic Housing Shortage Being Reported

Epic Housing Shortage Being Reported

by Chris Porter | Jul 7, 2017 | For Sellers, Housing Market Updates, New Construction

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the...
The Supply & Demand Problem Plaguing New Construction

The Supply & Demand Problem Plaguing New Construction

by Chris Porter | Jun 22, 2017 | Housing Market Updates, New Construction

Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while...
#1 Answer to the Housing Shortage: New Construction

#1 Answer to the Housing Shortage: New Construction

by Chris Porter | May 19, 2017 | First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction

The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to...
Builder Confidence Hits 11-Year High

Builder Confidence Hits 11-Year High

by Chris Porter | Mar 10, 2017 | First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction

In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this...
New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]

New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]

by Chris Porter | Dec 3, 2016 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, New Construction

Some Highlights: Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase. The median home price decreased slightly from...
Why We Need More Newly Constructed Homes

Why We Need More Newly Constructed Homes

by Chris Porter | Oct 7, 2016 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction

The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the...
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Mid America Mortgage, Inc., NMLS 150009 (www.nmlsconsumeraccess.org) is an equal opportunity lender, Arizona Lic BK 091759; licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act Lic 4131103 and Finance Lenders Law Lic 603J732; regulated by the Colorado Division of Real Estate; Georgia Lic 31847; Illinois Residential Mortgage Licensee MB.6760775; Kansas Licensed Mortgage Company MC.0025093; Massachusetts Lic ML150009; New Hampshire Banking Department; Oregon ML-5045; Washington Lic CL-150009.

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