Homebuilders

Despite Boise's supply shortage and skyrocketing prices, homes in Ada County have always been built primarily by local builders. That could soon change.

The purchase of The Commodore Group facilitates the Phoenix-based company’s expansion into the Northeast market and adds to its presence in the Midwest and Mid-Atlantic.

Growing confidence that they’ll be able to find a new place to live will finally push homeowners to put their homes up for sale, the survey of real estate experts found.

Applications were up 9% compared to July’s total, while the average price for newly built houses hit a record.

U.S. homebuilder sentiment rose in September amid lower lumber prices and strong housing demand.

Single-family home construction also increased across communities of all sizes, but notably in outlying metro areas.

Residential construction was up 27% year over year in July, according to the U.S. Census Bureau.

But average loan sizes remain near record highs, with summer purchases of new constructions continuing to drive up prices.

Residential construction starts dropped to a three-month low in July, while building permits increased from the prior month due to a pickup in multifamily applications.

Meanwhile, the average new-home mortgage price climbed to a new all-time high, according to the Mortgage Bankers Association.