New homebuyers are "overwhelmingly" choosing higher-quality features over more space, according to a survey by the National Association of Home Builders.When asked to choose between a bigger house with fewer amenities and a smaller one with more amenities, 63% of the surveyed homeowners opted for the latter, the NAHB reported. "One particular consumer trend stands out: while homes do not appear to be getting bigger, they are definitely getting better," said Jerry Howard, chief executive officer of the association. "There is a marked increase in quality, with updated features and amenities." The top features homeowners said they want in the kitchen are a walk-in pantry (desired by 84%), an island work area (77%), special use storage (62%), and a built-in microwave oven (62%), the NAHB said. The top bathroom features were a linen closet (desired by 91%), an exhaust fan (88%), and a separate shower enclosure (78%). The association can be found online at http://www.nahb.org.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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