Aug. U.S. homebuilder optimism hits 2005 levels

August 18, 2015

WASHINGTON (AP) – Aug. 17, 2015 – U.S. homebuilders grew slightly more optimistic about the housing market in August, putting their confidence at levels last seen a decade ago during the debt-fueled housing boom.

The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose this month to 61, the highest level since November 2005. The reading was 60 in both June and July. Any reading above 50 indicates more builders view sales conditions as good, rather than poor.

“The fact the builder confidence has been in the low 60s for three straight months shows that single-family housing is making slow but steady progress,” said Tom Woods, a Missouri-based builder and chairman of the National Association of Home Builders.

Through the first half of 2015, the government reported that new-home purchases shot up 21.2 percent to 274,000.

This comes as employers have added 2.9 million workers over the past year and the unemployment rate has dropped to 5.3 percent from 6.2 percent. The hiring has infused the economy with new paychecks that have supported the spending on housing and autos, among other expenses.

And average mortgage rates remain under 4 percent, putting them about two percentage points below this historical average.

Mortgage giant Freddie Mac said the average rate on a 30-year fixed-rate mortgage was 3.94 percent last week.

AP Logo Copyright © 2015 The Associated Press, Josh Boak. All rights reserved. This material may not be


Orlando’s Favorite Resort Rental Communities

February 15, 2013

If you have any friends or family coming to town you might want to share this….

Orlando’s Favorite Resort Rental Communities

Dreaming of buying a vacation home in Orlando, the “Vacation Capital of the World?”

1. Reunion Resort & Club is not only the premier resort in Orlando, it’s one of the finest in the country. World-class luxury.
2. Paradise Palms by Lennar Homes includes a poolside Tiki bar, movie theatre, tennis courts, fitness room, and game room, cafe, resort pool with water features. Need a break from Paradise? A shuttle will whisk you to the nearby Parks.
3. Vista Cay by Pulte Homes is adjacent to the Orange County Convention Center, a mile from Sea World and a few miles from Universal Studios. Vista Cay appeals to vacationers and conventioneers.
4. Veranda Palms by Park Square Homes is an enclave next to the 1000-acre Shingle Creek Preserve. Feels like you are out in the country, but Disney World is 12 minutes away.
5. Lennar at Champions Gate gets our best “Newcomer Award”. Announced to the public last week, the resort offers golf, tennis, and several clubhouses with grand opening incentives in effect.

If your family or friends are looking long term rentals (12 mo) in Sunny Central Florida or Celebration ~ CALL Imagination Realty today at 407-361-7653.

ReunionLakeSide resized 8-9-12

REF: Central Florida Real Estate Preview 2/15/13