Tag Archives: new home sales

After stellar March, new-home sales reverse course, dip 6% in April

By | | Uncategorized
Comments Off on After stellar March, new-home sales reverse course, dip 6% in April

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 →

NAR: Housing market is ‘topping out’ due to inventory shortage

By | | Uncategorized
Comments Off on NAR: Housing market is ‘topping out’ due to inventory shortage

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 →

Rising lumber costs add $36K to new home sales prices

By | | Uncategorized
Comments Off on Rising lumber costs add $36K to new home sales prices

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 →

New home sales hit 9-month low in February

By | | Uncategorized
Comments Off on New home sales hit 9-month low in February

February’s seasonally adjusted annual rate of 775,000 was down 18.2 percent from January’s revised rate of 948,000. Continue reading →

Inventory crises could stretch into 2022 and beyond: Zillow

By | | Uncategorized
Comments Off on Inventory crises could stretch into 2022 and beyond: Zillow

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 →

New York Fed calls US housing market ‘anemic’ and ‘lackluster’

By | | Uncategorized
Comments Off on New York Fed calls US housing market ‘anemic’ and ‘lackluster’

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 →

From the Great Recession to 9/11: What to do when external factors get in the way of a real estate deal

By | | Uncategorized
Comments Off on From the Great Recession to 9/11: What to do when external factors get in the way of a real estate deal

Economic changes, tariffs and international conflicts can put buyers on edge — here’s how you can help them make the right decision. Continue reading →

Uh-oh: high-risk home loans are on the rise again

By | | Uncategorized
Comments Off on Uh-oh: high-risk home loans are on the rise again

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 →