Category: <span>Market Trends</span>

National Association of Home Builders Housing Index sees record increase in builder confidence

The latest National Association of Home Builders/Wells Fargo Housing Market Index, released Monday, Oct. 19, shows builder confidence in the market for newly-built single-family homes increased two points to 85 in October, surpassing the previous all-time high of 83 recorded in September. According to the report, this is the first time that for two consecutive […]

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Sable Homes’ Karin Kay Sought by Fox17 on West Michigan’s Suburban Millennial Housing Boom

Karin Kay, sales manager at Sable Homes, talked with Fox17 about the suburban millennial housing boom in Grand Rapids during a live video conference interview on Saturday, June 6. Data from the National Association of Home Builders shows sales of newly built, single-family homes rose 0.6 percent nationwide in April 2020, and National Association of […]

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West Michigan’s Post COVID-19 Housing Market Changes, Millennials Top Buyers

In the wake of COVID-19,newly-released data shows an increase in new single-family homes, suburban development and millennial home buyers in West Michigan – a sign that the local economy is on the rebound. Data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows nationwide sales of newly built, single-family […]

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WZZM 13 talks with Sable Homes’ Karin Kay about record low mortgage rates

While coronavirus draws growing economic fears, there is a silver lining: a record-level drop in mortgage rates. Earlier this week, the stock market slumped due to coronavirus fears, but that’s great news for interest rates. “I know we always say it’s a great time to buy,” Kevin Wildman, a branch manager with Lake State Mortgage, […]

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How the coronavirus outbreak in the U.S. is impacting the local and national housing market

Recent fears over the coronavirus outbreak in the U.S. has now begun to impact the country’s economic climate. At the end of February, coronavirus concerns sparked the most dramatic stock market sell-off since the 2008 financial crisis, according to NPR. Stocks rallied back on Monday, March 2, on expectations that the Federal Reserve would cut […]

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Sable Homes expects to see growth in 2020, despite regulatory restrictions

As demand for housing continues to grow in West Michigan, Sable Homes, which is ranked as one of the region’s top-three home builders and top 250 nationally, expects inventory shortages to continue through 2020 for homes in the $200,000 -$300,000 range. Additionally, the Rockford, Michigan-based home builder plans to broaden its territory, despite regulatory restrictions […]

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NAHB housing trend report: Millennials most likely generation to consider buying a home in 2020

A new housing trend analysis revealed 12 percent of adults are expected to consider a house purchase in 2020. The National Association of Home Builders Housing Trends Report for the third quarter of 2019 reports the percentage of prospective home buyers for the upcoming year is comparable to last year’s projections of 13 percent. Sixty […]

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Housing Affordability Part 2: How Sable Homes is taking proactive steps to bridge the affordability gap

As a West Michigan home builder, Sable Homes sees the housing affordability gap continue to widen throughout the region. Part 1 of our blog regarding housing affordability touched upon data released last month by the National Association of Home Builders, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development illustrating a […]

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Millennials show increased preference for new homes, according to National Association of Home Builders study

The national housing market is seeing a noticeable home purchasing trend within the millennial generation, according to a recent study by the National Association of Home Builders. Between 2007 and 2018, the percentage of millennial home buyers who prefer purchasing a new home increased from 28 percent to 41 percent, according to the study conducted […]

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