How wise is it to invest in residential construction right now? The answer: it depends
December 1, 2014
The HW 30 represents the top public companies that make up the core of the nation’s housing economy. Among them are some of the country’s biggest builders, the largest among them D.R. Horton, though Toll Brothers is perhaps the one to watch now. Is it time to invest in home construction? Here’s our take.
The HW 30 – a composite of housing and mortgage finance stocks – rose Thursday as the government reopened, allowing agencies like the Federal Housing Administration to return to the business of handling FHA loans.
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game..
Typically, for a process and a product that depends largely on human effort, if you want a higher quality product, you have to pay more. The best doctors, chefs, mechanics and attorneys all make more than the market average. Nevertheless, lenders, AMCs and Fannie Mae all expect appraisal quality to increase even as appraiser fees decrease. Read More