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Recovery tracks to a September uptick

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“ecoHOME”

RALEIGH–The 2012 Wake County Parade of Homes had more than 200 new homes on display. The houses will be judged and awarded based on their design and features. In this year’s competition, a handful of the homes entered had something … Continue reading

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ADP counts a September private payroll gain of 162,000 jobs

Services businesses–not goods-producing firms–are the jobs juggernauts of the moment. MarketWatch reports that private payrolls expanded by 162,000 in September, according to payrolls processing firm ADP. The figure beat consensus forecasts by 6%. Friday’s Labor Department employment report on nonfarm … Continue reading

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Parade of Homes

This weekend marks the kickoff of Wake County’s annual Parade of Homes. More than 200 homes featuring the latest and greatest in design, colors, technology and decor and will be on display throughout the county. Builders use the parade to … Continue reading

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U.S. builders likely increased spending

U.S. builders likely increased spending on construction projects in August, helping to fuel a modest recovery in the housing market. Economists forecast that spending grew 0.4 percent in August, according to a survey by FactSet. The Commerce Department will release … Continue reading

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Builder Confidence at Six-Year High in September

Confidence among builders about the state of the single-family, new-home market was up for the fifth consecutive month in September, hitting the highest level seen since June 2006, according to the latest reading from the National Association of Home Builders/Wells … Continue reading

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Starts, resales due to show growth this week

New home construction and sales of previously owned houses probably climbed in August, a sign residential real estate is one of the economy’s few bright spots, economists said before reports this week. Housing starts increased to a 765,000 annual rate, … Continue reading

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Triangle Housing Market Improves

Home sales across the Triangle rose 26 percent in July compared with a year ago, continuing a streak of double-digit increases in 2012. The latest numbers were better than expected for Stacey Anfindsen, a Cary appraiser who analyzes Multiple Listing … Continue reading

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Gents, Our Hope is Restored?

… It wasn’t that long ago when some pundits were saying hope was all we had in the housing market. But now our hope is being justified by some solid facts. Last Tuesday, the Case-Shiller S&P 500 index of home prices … Continue reading

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Homebuilding Warranties

The data has yet to take an upturn, but at least it’s not getting worse. Still, during the depths of the recession some of the homebuilders made some curious decisions about how much warranty expense they expected per new home … Continue reading

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