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Homebuying Activity Returns as Inventory Increases

Pro Builder

Homebuying Activity Returns as Inventory Increases. An uptick in homebuying activity in June after months of decline shows slowed buying activity resulted from low inventory, says the National Association of Realtors (NAR). June housing inventory was up 3.3% cbroderick. Fri, 07/30/2021 - 09:36. There were 1.6 Respectively, 8.1%3

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Forbearance Exits Expected to Add Inventory

Pro Builder

Forbearance Exits Expected to Add Inventory. A wave of inventory could come soon as hundreds of thousands of homeowners are expected to exit forbearance, with a significant share likely to list their homes. This not only benefits the market’s inventory problem, but homeowners can benefit from the significant price appreciation.

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Purchasing & Inventory Construction Software

Viewpoint Construction Technology

Purchasing + Inventory. With Spectrum ® Purchasing & Inventory Construction Software, master your purchasing costs and simplify inventory controls. This allows you to stay on top of all purchases for jobs and available inventory—no matter where items are located. Make smarter, more accurate purchasing decisions.

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As Spring Buying Season Approaches, Inventory Drops

Pro Builder

As Spring Buying Season Approaches, Inventory Drops. Buyers entering the housing market in the spring buying season will face difficulties as housing inventory dropped nearly 50% compared to 2020. A 25% increase in listings is needed to bring inventory back to April 2020’s level. percent) and Houston (down 73.5

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Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

leads the market with 5,500 homes under construction in 2023, followed by Dallas (4,400 units), and Houston, Texas (2,600 units). Detroit falls just below with a 96% increase in units, followed by Houston (60%) which delivered 1,875 new units in the last five years. They averaged at 1,361 square feet, four bedrooms, in 2022—up 2.6%

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Sun Belt Metros Lead the U.S. in Home Building

Pro Builder

Sun Belt metros are leading a resurgence in homebuilding as prices soar and inventory declines amid elevated demand from migrating buyers. Other sunny metros like Raleigh, Jacksonville, Nashville, and Charlotte followed closely behind, and other Texas hotspots like Houston and Dallas are also included in the top ten.

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Housing Market Outlook: Should Buyers Wait it Out?

Pro Builder

Almost two-thirds of June listings resulted in bidding wars, and buyers continue to sweeten their offers by offering vacations and even crypto, but inventory remains low. Hale said, the late summer is a good time to buy, particularly in mid-September, with inventory often dropping around the winter holidays. Historically, Ms.

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