New Home Start Stats Were Released Today And Are Up Over 8%.
New Home start stats were released today and are up over 8%. To put that into perspective, during bubble years new home starts reached almost 2 million. When the bubble crashed starts dropped to a low of only 300k. Why does it matter to you? 25% of jobs can be traced to homes; more homes means more jobs means more confidence and spending means economy does well means your wallet does well. The bad news? Head winds still include banks skittish on construction lending and tighter standards on new home mortgage loans too, both challenges that may increase under new Dodd Frank QM and QRM and Basel III rules which influence how much banks want to (or can) loan money to builders and buyers.