According to the latest What Home Buyers Really Want*, 60% of home buyers would prefer a newly-built home over an existing home. In other words, all else equal, their first preference would be to purchase a new home. Looking at historical data shows a clear shift in preferences towards new construction in 2020. The share of buyers who would have… Read More ›

Nonfarm payroll employment increased in 33 states in February compared to the previous month while 16 states and the District of Columbia reported job losses. Montana reported no change in employment. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 379,000 in February, following an increase of 117,000 jobs in January. On a month-over-month basis,… Read More ›

After a modest increase in February, consumer confidence surged to the highest level in a year, as consumers reporting a significantly more positive view of the job market and the economic growth. However, concerns about inflation may cause consumers to temper their spending in the coming months. The Consumer Confidence Index, reported by the Conference Board, rose 19.3 points from… Read More ›