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Housing Wire
DECEMBER 19, 2023
New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Single-family building activity drove November residential construction activity. “The But permits for future construction fell 2.5% Housing starts rose in November, significantly beating expectations. from October.
Housing Wire
NOVEMBER 14, 2023
“Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. Even though shelter prices dropped to 0.3% the prior month, they’ve increased 6.7%
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Housing Wire
JULY 26, 2023
“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low.
Housing Wire
MAY 17, 2023
“Despite elevated mortgage rates and a slower-than-typical spring housing market , homebuilders are feeling confident about the outlook for new housing demand because the inventory of existing homes for sale remains very constrained,” Lisa Sturtevant, the chief economist of Bright MLS , said in a statement. “In million homes.”
Housing Wire
SEPTEMBER 28, 2022
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% A rebalancing of the housing market is continuing to throw the new construction market for a loop,” Nicole Bachaud, Zillow’s senior economist, said in a statement. compared to a year ago. “A
The Close
MAY 24, 2024
In August 2023, MLS system provider Rapattoni was a victim of a cyberattack, causing outages across the US. Check out these construction site stats. The BLS reports 1,069 fatal injuries at construction sites in 2022 and 598 in the business and professional services sectors. Ask your brokerage to provide cybersecurity training.
Realty Biz
APRIL 19, 2024
Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. In the long run, sellers will also profit from housing market corrections, for instance, when relocating or buying residential investment properties.
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