Big rise ahead for new home construction

A new study by the Home Builders Association of Michigan shows local confidence and optimism is way up for buying and and selling, and now more new homes are planned to be built in 2013 than in the past five years.

[Go Blue Forever]

Confidence and optimism....how dare they?

[bobolinq]

that rise you see up ahead ain't no mountain it's only a mole hill.
but viewing it from your belly, every thing is up.

[Heraldo]

I see more new homes going up and that's a good sign for the economy - assuming that people can buy them and get financing to pay for them. If they're just going to give them to the 47% - not such a good sign.

[KKK]

building people kennels?

[Go Blue Forever]

Heraldo wrote:

I see more new homes going up and that's a good sign for the economy - assuming that people can buy them and get financing to pay for them. If they're just going to give them to the 47%- not such a good sign.

I'm hearing that you have to be, just about solid gold, to get a mortgage right about now.....sure wish it coulda been that way 10 years ago, eh? Current rates are the lowest i have ever seen.....

[Al Gorezeera]

Green homes $$$$$

[Bob]

Go Blue Forever wrote:

<quoted text> I'm hearing that you have to be, just about solid gold, to get a mortgage right about now.....sure wish it coulda been that way 10 years ago, eh? Current rates are the lowest i have ever seen.....

One of our neighbors sells real estate. He says 2/3 of their sales these days are with loans from FHA.

I sure hope Batch doesn't read that! LOL

[Go Blue Forever]

Bob wrote:

<quoted text>
One of our neighbors sells real estate. He says 2/3 of their sales these days are with loans from FHA.
I sure hope Batch doesn't read that! LOL

Switched ours to a 15 year, then paid it off with a home equity, about 8 years ago....smartest thing, you can ever do....now, i listen to everybody bellyache about values falling and know i am staying in one place...lol...oh well....Sometimes, i do wish we had a townhouse or even a condo, maybe....