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Homebuilders buckle up as new home sales falter in September

Housing Wire

The new single-family home sales rollercoaster ride continues. After rebounding in August from a drop in July, new home sales were back down again in September, according to data released Wednesday by the U.S. Sales of new single-family homes in September were at a seasonally adjusted annual rate of 603,000, down 10.9%

Sales 297
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New home sales rebound but homebuilders aren’t smiling

Housing Wire

After a sharp decline in July , new home sales rebounded in August, according to data released Tuesday by the U.S. Sales of new single-family homes in August were at a seasonally adjust annual rate of 685,000, up 28.8%, but down 0.1% However, the faster sales pace was not good news for inventory.

Sales 253
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Housing starts surprised on the downside, reflecting headwinds

Housing Wire

single-family homebuilding fell in June, but permits for future construction rose to a 12-month high on the weakness of the existing home sales market. In June, only 600,000 existing homes were listed for sale across the U.S., noted Bright MLS Chief Economist Lisa Sturtevant. million, under economists’ expectations for 1.48

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Housing starts increase to meet rising buyer demand

Housing Wire

The pace of new construction had been picking up over the past two years. million new housing units were started, which is a little higher than the average annual new starts over the past five decades,” Lisa Sturtevant, the chief economist at Bright MLS, said in a statement. year over year. In 2022, a total of 1.55

Banks 410
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Homebuilders capitalizing on lack of housing inventory

Housing Wire

Industry economists attribute the uptick in housing starts and builder confidence to the low level of existing home inventory. In April, the inventory of existing homes for sale totaled just 980,000, far lower than the long-term average of about 2.3 Odeta Kushi , the deputy chief economist at First American , said in a statement.

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Miami-Dade Luxury Sales Surge

Realty Biz

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

Sales 101
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Miami Real Estate Luxury Home Sales Continue Surging 

Realty Biz

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92