New home sales fall to 1-year low

New home sales are still up 9.2 percent year over year but have been falling since March, likely as a result of high home prices due to the rising cost of construction materials like lumber. Continue reading

Residential construction rose in May, despite material challenges

Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the U.S. Census Bureau. Continue reading

America’s Hottest Neighborhoods: Willow Glen in San Jose, California

Robust work-from-home policies amid the pandemic and an upcoming development by Google, as well as other charms, make Willow Glen an enviable place to live. Continue reading

Inman Handbook on new-home sales

New-home sales illuminate the health of the market and where it might be heading in the near-term. As agents grapple with tight inventory, they’ll want to keep an eye on the data. Continue reading

Rising construction costs curbed homebuilders’ pace in April

The rising cost of lumber and appliances slowed the momentum of single-family building permits, starts and completions in April. Continue reading

Housing market insanity leaves homeownership rate unchanged

The U.S. homeownership rate remained statistically unchanged in the first quarter of 2021, despite the recent increase in housing market activity. Continue reading

Residential construction on the rise amid major inventory shortage

Residential housing starts rose 19.4 percent in March, according to a new report by the Census Bureau and the Department of Housing and Urban Development. Continue reading