A sharp 12.8 percent decline in construction in the Midwest and a 3.7 dip in the Northeast propelled the broader decrease, with construction also falling in the South. It was nearly unchanged in the West.
In New Jersey and many other states, more homes are hitting the market this time of year to meet the blooms of spring and rising temperatures. However, it's hardly ever safe to present your home "as is."
The economy is improving, hiring is gaining strength and average hourly wages are moving upward, which means potential homebuyers are beginning to feel better about taking on a mortgage. However, it's a different story for millennials who are not quite ready to pull the trigger.