by Wes Davis
The National Association of Home Builders reports, “Residential construction loans increased by 2.8%, or $2.2 billion, during Q3 2018, marking 22 consecutive quarters of growth. On a year-over-year basis, the stock of residential construction loans is up 8%.”
This is great news for ACCA accredited contractors.
“Treasury rates continued to slide last week, driven mainly by concerns over slowing global economic growth and U.S. and China trade uncertainty,” Mortgage Bankers Association’s Associate Vice President of Economic and Industry Forecasting Joel Kan said. “The 30-year fixed-rate fell for the third week in a row to 5.08% and has declined a total of nine basis points over this span.”
As Alcynna Lloyd reported in the
Housing Wire, “According to Kan, this might be an indication that there are fewer jumbo borrowers, or first-time buyers are having better success reaching the market.”
More first-time home buyers indicates that homebuilders will want to differentiate their current inventory of new homes from the competition. ENERGY STAR Certified Homes provides a brand well-known for energy efficiency that comes with built in oversight.