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Vacation Home Demand Close to Seven-Year Low

By Kerry Smith
Vacation-home buyers face the same headwinds as other buyers, plus pandemic demand ended, and many have return-to-the-office orders, with loan rate locks down 50%. …continue

July New-Home Sales Reach 17-Month High

By Kerry Smith – In a seasonally adjusted month-to-month comparison, July sales were 4.4% higher than June sales. Year-to-year sales were up 31.5%. …continue

Fla. OKs New Property Insurer: Mainsail Insurance

The Florida Office of Insurance Regulation says changes passed by the Fla. Legislature have attracted new insurers and removed 280K policies from Fla.-owned Citizens. …continue

June New-Home Sales Cool As Mortgage Rates Rise

By Kerry Smith Newly built home sales fell 2.5% last month. NAHB cited higher mortgage rates and some supply chain issues for electrical transformers as the leading cause. …continue

Builder Confidence Moves a Bit Higher in July

With the tight inventory of existing homes, the market remains solid for builders, and the index measuring attitudes moved one point higher to 56 from June’s 55. …continue