The 2019 Survey of Consumer Finances (SCF) showed improvements in economic well-being for many across income and wealth distributions over 2016 to 2019. The homeownership rate increased from a low of 63.7% in 2016 to 64.9% in 2019. Moreover, the primary residence continued to be the largest asset on the balance sheets of households in 2019 (Figure 1),…

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Total housing starts posted a 3.6 percent decline in January (1.57 million units) compared to an upwardly revised December estimate of 1.63 million units according to the joint data release from the Census Bureau and HUD. Relative to January 2019 (during the housing soft patch), total starts are 21.4 percent above the annual pace of 1.29 million…

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Learn more about Stenger Homes developments Hickory Valley II & Wildhorse Phase IV below. Be sure to like their Facebook posts and SHARE! The future gated access route between Estates at Hickory Valley (Phase II) and Hickory Valley Phase III. For lot information, contact Stu Stenger at (417) 889-4300.

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Residential Construction Loans on FDIC-insured banks’ balance sheets reached $70.7 billion in the first quarter of 2017 with community banks accounting for approximately 49 percent of these loans. The current share of residential construction loans held by community banks is higher than community banks’ share of other types of loans, with the exception of farm-related loans. However,…

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Recently released data from the US Census’ Survey of Construction (SOC) show that 10 percent of single-family homes started in 2015 have 2 or less bedrooms, 43 percent have 3 bedrooms, 36 percent have 4 bedrooms, and 11 percent have 5 or more bedrooms. Three bedroom homes have consistently been the most common type of new…

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Filed in Codes and Regulations, Housing Finance on December 28, 2015 • 0 Comments Recent media reports have cited mortgage delays resulting from new federal home disclosure rules that went into effect on Oct. 3 due to confusion over how the rule is being enforced. In response, the Consumer Financial Protection Bureau (CFPB) has sent a letter to the Mortgage Bankers…

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Siding is exposed to Mother Nature all day, every day, for years. Weather, water, time, fire and pests—all can lead to trouble. Southern Supply offers a wide array of siding to fit your tastes, budget and needs. So how to choose siding? Consider the following points… • Moisture and rot resistance • Durability over time…

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The Remodeling Market Index (RMI) climbed to 50 in the third quarter of 2012, up from 45 in the previous quarter, according to the National Association of Home Builders (NAHB). Released today, the RMI is at its highest point since the third quarter of 2005, tracking the positive trends recently seen in the rest of…

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The City of Rogersville is focused on its future…and boosting residential building is fundamental to its economic development strategy.  “We want to attract more retail options for our residents,” said Rogersville Mayor Jack Cole. “That will generate more tax revenue, new jobs and more convenient shopping in the immediate area. We know retail follows rooftops…

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To better serve members, the HBA of Greater Springfield has completely overhauled re-launched its official facebook page. The HBA’s enhanced presence on the massively popular social media platform officially launches today (September 10). The HBA’s new and improved facebook page has received a massive overhaul leading up to today’s re-launch. Facebook is a rapidly-evolving medium that…

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KY3‘s Jay Scherder reported Tuesday (8/28) on the increasing threat drought conditions potentially pose to economic development in the region. As water supply drops nearer 60%, 55%, or 50% of capacity, increasingly severe restrictions automatically kick in for customers of City Utilities of Springfield. At the most severe restriction level, no new water customers would…

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On Monday, Contact KY3‘s Jay Scherder reported on recent national data indicating the housing market may be on the mend. In the Ozarks, home building also is showing signs of improvement. In the KY3 news story, Scherder interviews Home Builders Association of Greater Springfield CEO Matt Morrow. Watch the full story by clicking below:

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During the final weekend of the Home Builders Association of Greater Springfield’s 59th annual Parade of Homes, KOLR-10 reporter Melanie Chapman checked in with builders and home shoppers. In this story, builder Rusty MacLachlan and HBA CEO Matt Morrow discuss how, even though the past few years have been difficult, the Ozarks market is poised…

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The 2012 HBA Parade of Homes opened on Friday, June 15, featuring a strong mix of both custom and spec homes in a number of price points. Reports from builders and real estate professionals staffing the 13 homes on Parade are that traffic was very heavy all three days of the opening weekend, with lots of…

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