Following slow September, single-family housing starts plunge 18%

Single-family projects took yet another beating in September, declining nearly 5 percent from the previous month and 18 percent year over year, according to data released Wednesday from the U.S. Census Bureau. Continue reading

Homebuilders suspect demand for new homes will fall even further

With sales already slipping off highs from earlier in the pandemic, a survey of builders released Tuesday by the National Association of Home Builders suggests the bleeding may have just begun. Continue reading

Flyhomes: What it is and how agents can use its power buyer platform

What is Sailbridge? Learn about the power buyer from Flyhomes, how its fees work and how a client can use it to make a cash offer. Continue reading

Inflation up 8.2% over last year — and housing is largely to blame

The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history. Continue reading

Homebuilding materials remain 38% costlier than normal

Acquiring construction materials remains expensive for homebuilders, even as a reduction in demand may be relieving supply chains, according to data from the U.S. Bureau of Labor Statistics. Continue reading

Lumber prices see stable week after falling to normal levels

Construction costs remain high. But one of the biggest headaches for builders — obtaining lumber at a steady price — may be normalizing. Continue reading

Maryland-based Keller Williams firm adds exec with luxury cred

Lesli Akers, a former president of KW Luxury Homes International, will serve as the strategic growth officer for Lucido Global, the company announced last week on social media. Continue reading

What do fast-cooling markets have in common? These 5 offer a hint

In some of the nation’s most quickly slowing housing markets, the number of new listings is twice the number of recent sales, according to an analysis by SmartAsset. Continue reading

Real estate jobs hold strong even as sales slip, summer ends

Real estate hiring bucked seasonal expectations for September, reflecting steady payrolls despite a weakening sales environment, according to new data from the U.S. Bureau of Labor Statistics. Continue reading

Not just a coastal thing: 7 inland cities most altered by remote work

Some cities have seen work-from-home policies persist well beyond the pandemic’s first year. See the places most transformed by remote work, according to the Economic Innovation Group. Continue reading