The National Association of Home Builders /Wells Fargo Housing Market Index rose three points to 51 in March, marking the fourth consecutive month that sentiment gained and the highest level since July 2023. Economists polled by Bloomberg were anticipating a reading of 48.
The bump in builder sentiment reflects how many buyers are considering new builds due to lack of supply in the existing home market. It also comes amid investor expectations that thewill cut rates later this year, which would consequently lower financing costs for potential buyers. The Fed will issue its next interest rate decision on Wednesday.Homebuilders have benefited from a lack of inventory in the existing home market, which has pushed some buyers to consider new builds.
Meanwhile, the use of sales incentives remains steady. The share of builders offering some form of incentive in March was 60%, and this has remained between 58% and 62% since last September.Warren Buffett, one of the most successful investors in the world, has a reputation for his simple yet profound financial wisdom. Read More: 5 Unnecessary Bills You Should Stop Paying in 2024Check...
Posthaste: Canadian renters are getting squeezed more than homeowners, putting the property ladder further out of reachMarried Canadians, make sure you consider all your options before filing your tax returns! You could be missing out on a lot of cash. The post Married Canadians: Know This Before Filing Your Taxes appeared first on The Motley Fool Canada.As people get closer to their 60s, they often think about transitioning into retirement -- and doing so comes with an adjustment to the budget.
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