Homebuilders had their backs against the wall in 2018 as a myriad of. the grinding post-recession recovery, sending the sector lower by 30% last year. The average age of a first-time home buyer is 32 years old, a cohort that. costs have brightened the outlook for single-family construction this year.
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U.S. homebuilding fell for a third straight month in July amid a steep decline. to the economic outlook from trade tensions and slowing global growth, the 10- year bond yield on Wednesday for the first time since June 2007.
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The first half of 2019 surprised housing markets across the country: Mortgage rates fell. For the same period in 2018, year-over-year prices were more than 4.5% higher. The unexpected drop in fixed mortgage rates means fewer people. for the National Association of Home Builders, in a May blog post.
Generally, the stocks of home builders remain capped by the seasonal top. Soon after that post, M.D.C. holdings (mdc) surprised the market with.. The bond market has forced the Fed to lower rates by dropping.. March's 33% share of first-time buyers was a notable jump over the 30% the year prior.
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