Tag Archives: Homebuilders face obstacles despite bright spots

Average selling prices for new homes jumped in the first part of 2013 as a limited supply of homes and a shift towards higher-priced, luxury homes revamped the dynamics of the market, analysts claim. Additionally, the decline in housing prices from peak levels and historically low mortgage rates have contributed to increased home affordability, boosting buyer demand despite modest economic growth over the past year. The strong pricing trends are positive for homebuilder fundamentals, but as supply constraints moderate and interest rates begin to rise, a meaningful improvement in underlying […]