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Vacation Homes Whet the Appetite of Affluent Households
Among more affluent buyers the market for second homes is heating up, according
to results of a survey released last month by Centex Destination Properties, the
second home and resort arm of Centex Homes.
Conservatively, one in four of those who completed the Internet poll last October
indicated some interest in purchasing a vacation home.
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Big Living in Narrow Spaces
The Farmington – Mitchell
& Best Homes
So much living within a narrow lot, that was the challenge met with The Farmington,
a home targeting empty nesters and designed for traditional neighborhoods.
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Condos Hot While Rental Market Warming Up
Today’s red hot condominium market may be all the talk among the nation’s
multifamily home builders, but rental properties are poised for a gradual comeback,
according to economists speaking at NAHB’s Pillars of the Industry Conference
in Miami on April 3-6...
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Survey of Home Inspectors
Helps Builders Identify Potential Trouble Spots
A construction quality survey conducted by NAHB and the American Society
of Home Inspectors grading and site drainage, and ventilation and also includes
their reports of the most commonly encountered building code violations and trade
contractor issues...
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| Interest Rates (%) |
| December 2004 |
30-Yr Fixed: 5.68% |
15-Yr Fixed: 5.11% |
1 Yr. ARM: 4.18% |
| |
Libor (3 months):
2.57%
|
Prime: 5.25% |
Federal Funds:
2.313% |
| Housing Starts (000s) |
| December 2004 |
Single: 1,680 |
|
Multi: 320 |
| Home Sales: (000s) |
| December 2004 |
New: 1,400 |
|
Existing: 6,800 |
| Home Prices: (000s) |
| December 2004 |
New: $200 |
|
Existing: $180 |
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