The decline follows a record month for new-home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau. Continue reading
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading
The battle between supply and demand has hit the lumber industry hard, as mills struggle to keep up with demand and homebuilders push the costs to buyers. Continue reading
February’s seasonally adjusted annual rate of 775,000 was down 18.2 percent from January’s revised rate of 948,000. Continue reading
New, single-family home sales decreased by 4.4 percent to a seasonally adjusted annual rate of 765,000 from January to February. Continue reading
Housing starts won’t reach the historical average of 1 million new units per month until at least 2022 or later, with the most pessimistic estimates stretching to 2029. Continue reading
Existing-home sales activity lagged in June, with single-family home sales falling 1.5 percent to 4.69 million units, according to the report. Continue reading
Economic changes, tariffs and international conflicts can put buyers on edge — here’s how you can help them make the right decision. Continue reading
Now that these buyers have relatively easy access to credit (albeit high-risk) they’re snapping up homes at the lowest price tier and driving up home prices… Continue reading