Category: Market Trends

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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Housing Affordability Part 1: Housing and census data reveals the nation’s growing housing affordability issue

Data released in September, by the National Association of Home Builders, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development illustrates a growing problem of housing affordability nationwide. The information shows there is a “mismatch between the actual prices of new homes and the prices buyers expect to pay — providing […]

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Builder Confidence High, Interest Rates Likely to Stay Low in Remainder of 2016

The market look for home builders looks strong and if the trend continues, this should carry into the New Year. Builder confidence for newly-built, single-family homes held steady in November at a level of 63 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). According to the National Association of Home Builders […]

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