fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Builder Confidence Trickles up to 10 Year High

Wednesday, September 16, 2015

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) ratcheted up another point this month continuing a steady rise in builder confidence in the new home market.  The composite HMI rose to 62, its highest reading since October 2005.

"The HMI shows that single-family housing is making solid progress, said NAHB Chairman Tom Woods.  "However, our members continue to tell us that they are concerned about the availability of lots and labor."

NAHB Chief Economist David Crowe. "NAHB is projecting about 1.1 million total housing starts this year. Today's report is consistent with our forecast, and barring any unexpected jolts, we expect housing to keep moving forward at a steady, modest rate through the end of the year."

Read Full Article

Testimonial

"We appreciated that Mark took time to explain the different options to us as first time homebuyers. He gave us tips about making an additional payment each year and spoke with us about tax credits. He finds out what you already know by asking you questions and then helps you without making you feel unknowledgeable. We were very satisfied with the service. We plan to refer Mark to family and friends that are looking to purchase or refinance."
Kelsey & Eric B.