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Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. Total construction employment remains 182,000 below its February 2020 level. MORE
The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. MORE
After a near decade high in January, new home sales for single-family houses plummeted 18.2% However, continued demand by homebuyers did manage to push new home sales 8.2% As for the West, new sales dropped 9.3% months at the current sales rate. MORE
The SFBFR market is a way to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period of when people want more space and single-family structures. MORE
Today the Census Bureau reported that in February 2021, new single-family home sales were at a seasonally adjusted annual rate of 775,000. Although sales were up 716,000 compared to sales in February 2020, they were 18.2% (±13.9%) below the revised sales in January 2021 of 948,000. MORE
The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5 MORE
Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. Sales also rose 0.7% Experts project low mortgage rates to continue driving home sales in 2021. MORE
Continuing a period of volume decline that began at the end of 2019, the volume of residential construction lending posted a slight decline during the fourth quarter of 2020. MORE
Even in the years 2020 to 2024, however, which are very favorable for housing, I don’t see a credit sales boom or construction boom brewing in the current data — nor do I expect to see either of these shortly. MORE
Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news. MORE
for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. Read More › Economics economics home building housing new home sales sales single-family MORE
With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . Another solid benefit to new construction is customization. MORE
Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ? April’s new home sales are nearly double that of April 2020’s estimate of 582,000. months at the current sales rate. MORE
The one economic sector that has blown away my estimates this year has been the new home sales market. This dramatically slowed the rate of growth in construction in 2019. Today new home sales are up 32.1% The median sales price of new houses sold in September 2020 was $326,800. MORE
In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future. . The inventory shortage isn’t going to last forever. MORE
The pending home sales index rose from the previous month in every U.S. Pending Home Sales Indexregion but the Midwest, while all regions saw gains year over year. MORE
New single-family home sales climbed 36.3 Markets & Economy News Brief Select construction home sales homebuilders lumber tariffs new home sales permits Redfinpercent year over year, according to data released by the U.S. MORE
According to NAHB’s analysis of the 2019 Survey of Construction data, the highest median square foot sale and contract prices are registered in the West and Northeast. Looking at single-family for-sale. MORE
pending home sales dipped – this time, down 2.8% Pending home sales fell in January because there are simply not enough homes to match the demand on the market,” said Lawrence Yun, NAR chief economist. In the last few years, the number of existing single-family homes for sale has decreased. And even with another month-to-month drop, pending home sales were 13% higher in January 2021 than they were in January 2020. MORE
New single-family home sales surged in March as housing demand was supported by low interest rates and strong consumer demand, despite the ongoing building materials challenges impacting the housing industry. Census Bureau estimated sales of newly built, single-family homes in March at a 1.02 MORE
Purchaser demand is so high, the market is running out of available homes for sale. The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. MORE
Sales of existing homes took off in September, jumping 9.4% Compared to a year ago, sales are up 20.9%. The primary constraint to even more sales is the plummeting inventory of homes on the market, which is leading to bidding wars and spikes in home prices across the country. MORE
the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. Overall, the MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 741,000 units in May 2021. MORE
Low interest rates , a tight supply of existing homes for sale, and a trend towards purchasing homes in suburban areas has contributed to strong demand for new single-family homes. The current housing market is characterized by robust demand, but not enough homes for sale,” Kushi said. MORE
With inventory continuing to be at record lows in 2021, a new trend is developing in the real estate market regarding new-home construction. ” Of the new construction being built, many of them are more energy efficient and have more technology integrated into the homes. MORE
Sales of newly built homes occurred at a seasonally-adjusted annual rate of 841,000 in November – 11% below October’s 945,000 revised rate , the Census Bureau reported on Wednesday. “Prior to the data revision, the month’s supply of homes for sale at the current pace was only 3.3, MORE
Chris Delmas/AFP via Getty Images) The numbers: New home sales fell in April by nearly 6% as affordability constraints begin to weigh on home buyers. New residential sales occurred at a seasonally-adjusted annual rate of 863,000 in April, the U.S. MORE
New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% Homebuilders have supported sales by drawing down existing inventories of homes previously started. MORE
Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million. months at the current sales rate. MORE
But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data. The new home sales marketplace has been showing abnormally fast growth for the last several months. months at the current sales rate.” MORE
According to NAHB analysis of quarterly Census data, the market share of rental units of total multifamily construction starts ticked higher to near 97% during the fourth quarter of 2020. MORE
The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, increased to 100.2%. MORE
After a slight slowing of sales at the end of 2020, new single-family home sales edged higher in January, increasing 4.3% Sales exceeded construction starts by a historic margin at the end of the summer, which necessitated an increase in starts and some slowing. MORE
Only then would we see enough demand from the new home sales market to warrant that much construction. This hasn’t happened yet, but the recent hew home sales report indicates we are getting there. months at the current sales rate.” Now, new home sales are 41.5% MORE
If the February trend continued, total existing home sales would have been higher: we probably would have ended the year with sales between 5,7100,000 and 5,8400,000, a noticeable jump from last year’s number of roughly 5.3 million total home sales by the end of the year. MORE
A surge in homebuilding before the pandemic is now driving growth in new-home sales. Sales of newly-built homes climbed 10.1% year over year in July, recovering to pre-pandemic levels, while sales of existing homes rose just 5.3%. MORE
George Frey/Bloomberg via Getty Images A surge in home-buying demand and limited inventory for existing homes is spurring construction to help fill the gap. New single-family-home sales rose 13.9% Booming demand also has pushed sales of previously owned homes to multiyear highs. MORE
Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021. The volume of 1-4 unit residential construction loans made. MORE
All three components increased in the first quarter: the component measuring low-rent units rose four points to 46, the component measuring market rate rental units increased six points to 54 and the component measuring for-sale units jumped 13 points to 52. MORE
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. MORE
Adjusting to seasonal effects, MBA estimates that new home sales in April rebounded from a two-month slump, increasing 8 percent to an annualized pace of 770,000 units,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. MORE
Housing Wire
MAY 13, 2021
Adjusting to seasonal effects, MBA estimates that new home sales in April rebounded from a two-month slump, increasing 8 percent to an annualized pace of 770,000 units,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Housing Wire
AUGUST 18, 2020
New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% Homebuilders have supported sales by drawing down existing inventories of homes previously started.
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McKissock
MAY 7, 2021
Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news.
Housing Wire
NOVEMBER 25, 2020
Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million. months at the current sales rate.
Housing Wire
APRIL 26, 2021
The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year.
Housing Wire
MARCH 23, 2021
Today the Census Bureau reported that in February 2021, new single-family home sales were at a seasonally adjusted annual rate of 775,000. Although sales were up 716,000 compared to sales in February 2020, they were 18.2% (±13.9%) below the revised sales in January 2021 of 948,000.
Housing Wire
APRIL 29, 2021
The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5
Housing Wire
DECEMBER 23, 2020
But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data. The new home sales marketplace has been showing abnormally fast growth for the last several months. months at the current sales rate.”
Housing Wire
DECEMBER 23, 2020
Sales of newly built homes occurred at a seasonally-adjusted annual rate of 841,000 in November – 11% below October’s 945,000 revised rate , the Census Bureau reported on Wednesday. “Prior to the data revision, the month’s supply of homes for sale at the current pace was only 3.3,
Housing Wire
MARCH 23, 2021
After a near decade high in January, new home sales for single-family houses plummeted 18.2% However, continued demand by homebuyers did manage to push new home sales 8.2% As for the West, new sales dropped 9.3% months at the current sales rate.
Housing Wire
MAY 25, 2021
Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ? April’s new home sales are nearly double that of April 2020’s estimate of 582,000. months at the current sales rate.
Housing Wire
NOVEMBER 25, 2020
Only then would we see enough demand from the new home sales market to warrant that much construction. This hasn’t happened yet, but the recent hew home sales report indicates we are getting there. months at the current sales rate.” Now, new home sales are 41.5%
Keeping Current Matters
AUGUST 26, 2020
With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . Another solid benefit to new construction is customization.
Housing Wire
MARCH 26, 2021
The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, increased to 100.2%.
Housing Wire
OCTOBER 22, 2020
Sales of existing homes took off in September, jumping 9.4% Compared to a year ago, sales are up 20.9%. The primary constraint to even more sales is the plummeting inventory of homes on the market, which is leading to bidding wars and spikes in home prices across the country.
Eyes on Housing
JUNE 7, 2021
Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021. The volume of 1-4 unit residential construction loans made.
Housing Wire
JUNE 17, 2021
the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. Overall, the MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 741,000 units in May 2021.
RIS Media
MAY 21, 2021
All three components increased in the first quarter: the component measuring low-rent units rose four points to 46, the component measuring market rate rental units increased six points to 54 and the component measuring for-sale units jumped 13 points to 52.
Housing Wire
FEBRUARY 25, 2021
pending home sales dipped – this time, down 2.8% Pending home sales fell in January because there are simply not enough homes to match the demand on the market,” said Lawrence Yun, NAR chief economist. In the last few years, the number of existing single-family homes for sale has decreased. And even with another month-to-month drop, pending home sales were 13% higher in January 2021 than they were in January 2020.
Inman
MAY 20, 2021
In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future. . The inventory shortage isn’t going to last forever.
Housing Wire
JANUARY 22, 2021
Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. Sales also rose 0.7% Experts project low mortgage rates to continue driving home sales in 2021.
RIS Media
MARCH 31, 2021
With inventory continuing to be at record lows in 2021, a new trend is developing in the real estate market regarding new-home construction. ” Of the new construction being built, many of them are more energy efficient and have more technology integrated into the homes.
Housing Wire
OCTOBER 26, 2020
The one economic sector that has blown away my estimates this year has been the new home sales market. This dramatically slowed the rate of growth in construction in 2019. Today new home sales are up 32.1% The median sales price of new houses sold in September 2020 was $326,800.
Housing Wire
SEPTEMBER 22, 2020
If the February trend continued, total existing home sales would have been higher: we probably would have ended the year with sales between 5,7100,000 and 5,8400,000, a noticeable jump from last year’s number of roughly 5.3 million total home sales by the end of the year.
Redfin
AUGUST 25, 2020
A surge in homebuilding before the pandemic is now driving growth in new-home sales. Sales of newly-built homes climbed 10.1% year over year in July, recovering to pre-pandemic levels, while sales of existing homes rose just 5.3%.
Eye on Housing
APRIL 23, 2021
New single-family home sales surged in March as housing demand was supported by low interest rates and strong consumer demand, despite the ongoing building materials challenges impacting the housing industry. Census Bureau estimated sales of newly built, single-family homes in March at a 1.02
Inman
APRIL 29, 2021
The pending home sales index rose from the previous month in every U.S. Pending Home Sales Indexregion but the Midwest, while all regions saw gains year over year.
Keeping Current Matters
OCTOBER 14, 2020
Purchaser demand is so high, the market is running out of available homes for sale. The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically.
Eyes on Housing
MAY 25, 2021
for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. Read More › Economics economics home building housing new home sales sales single-family
Eye on Housing
FEBRUARY 24, 2021
According to NAHB analysis of quarterly Census data, the market share of rental units of total multifamily construction starts ticked higher to near 97% during the fourth quarter of 2020.
Eye on Housing
NOVEMBER 18, 2020
The SFBFR market is a way to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period of when people want more space and single-family structures.
Housing Wire
APRIL 2, 2021
Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. Total construction employment remains 182,000 below its February 2020 level.
Housing Wire
JUNE 7, 2021
Even in the years 2020 to 2024, however, which are very favorable for housing, I don’t see a credit sales boom or construction boom brewing in the current data — nor do I expect to see either of these shortly.
Eye on Housing
DECEMBER 3, 2020
According to NAHB’s analysis of the 2019 Survey of Construction data, the highest median square foot sale and contract prices are registered in the West and Northeast. Looking at single-family for-sale.
Realtor.com
SEPTEMBER 1, 2020
George Frey/Bloomberg via Getty Images A surge in home-buying demand and limited inventory for existing homes is spurring construction to help fill the gap. New single-family-home sales rose 13.9% Booming demand also has pushed sales of previously owned homes to multiyear highs.
Eye on Housing
FEBRUARY 24, 2021
After a slight slowing of sales at the end of 2020, new single-family home sales edged higher in January, increasing 4.3% Sales exceeded construction starts by a historic margin at the end of the summer, which necessitated an increase in starts and some slowing.
Eye on Housing
FEBRUARY 23, 2021
Continuing a period of volume decline that began at the end of 2019, the volume of residential construction lending posted a slight decline during the fourth quarter of 2020.
Inman
AUGUST 25, 2020
New single-family home sales climbed 36.3 Markets & Economy News Brief Select construction home sales homebuilders lumber tariffs new home sales permits Redfinpercent year over year, according to data released by the U.S.
Realtor.com
MAY 25, 2021
Chris Delmas/AFP via Getty Images) The numbers: New home sales fell in April by nearly 6% as affordability constraints begin to weigh on home buyers. New residential sales occurred at a seasonally-adjusted annual rate of 863,000 in April, the U.S.
Inman
JUNE 2, 2021
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.
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