The apartment boom is officially dead, but single-family housing is holding up
Today, housing starts fell more than anticipated, but the more important story in today’s report is that even though the apartment boom is dead, single-family permits are rising. The U.S. housing...
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Dearth of new construction strains migration hotspot of Alabama
Century 21 Regency Realty agent Cheryl Piccinini has lived and traveled all over the world, but there is no place she would rather be than Alabama. “No matter what you want, you can find it here,” the...
View ArticleMaster planned communities post strong new home sales numbers in 2023
Despite high mortgage rates, master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting, the top 50 MPCs sold more than 34,600...
View ArticleStrong new-home sales reflect still-strong demand
New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development...
View ArticleWhy are there only 80,000 new homes available in the US?
The homebuilders only have 80,000 completed new homes for sale — in a country of over 336 million people with more than 157 million people working. Why so low? Well, builders are in business to make...
View ArticleHomebuilder confidence improves for the fourth straight month
Strong demand, coupled with a lack of existing housing inventory and comparatively lower mortgage rates continue to drive buyers to new home construction, Homebuilder confidence continued its upward...
View ArticleBuilder sentiment stays put on the back of elevated mortgage rates
Elevated mortgage rates, coupled with a stronger-than-expected inflation reading, dampened homebuilder sentiment in April. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market...
View ArticleNew-home sales dip slightly in February
New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the...
View ArticleHomebuilders are still buying down rates to move houses
Today’s new home sales report shows the importance of lower rates. Last year, when mortgage rates were approaching 8%, people wondered if homebuilders could still buy down rates to boost sales. The...
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New home sales still growing from 2022 lows
New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason...
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