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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. Rebounding construction could lead to supply constraints as well as exacerbate an existing shortage of skilled labor, construction materials, and ready-to-build lots, though long-term inventory growth is necessary to resolve an ever-widening housing affordability crisis. .

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September Reports Increased Home Sales

Pro Builder

The September home sales rate exceeded the consensus forecast after a drop in completed transactions for the month of August, Bill McBride reports in his CalculatedRisk Newsletter. million in September 2020).”. Total housing inventory at the end of September amounted to 1.27 Unsold inventory sits at a 2.4-month

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A Look at Lumber Prices From the Supply Side

Pro Builder

I can say with confidence that the market conditions of 2020 and early 2021 are examples of a supply chain and pricing environment most of us have truly never encountered. . A month later, in March 2020, COVID-19 threw a wrench into everything, causing uncertainty across all industries. Lumber Prices—How We Got Here.

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2020 Housing Giants Report: The Magnificent Middle

Pro Builder

2020 Housing Giants Report: The Magnificent Middle. Wed, 06/03/2020 - 13:00. 2020 Housing Giants Ranked. Offering a mix of starter and first- and second-move-up product priced from the $380,000s to $800,000s, most of it presold, the company made plans to expand into nearby Yolo County in 2020. Then there’s No.

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Weekly New Listings, Pending Sales Spike, While Inventory Remains Tight

Pro Builder

Weekly New Listings, Pending Sales Spike, While Inventory Remains Tight. Fri, 05/29/2020 - 09:54. Buyers and sellers are returning to market as states reopen and public health policies gain clarity, and though inventory remains sparse, the housing market is looking better than it has in months. percent drop to a 1.8

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Zillow’s Year-End Sales and Home Value Forecast

Pro Builder

Zillow’s Year-End Sales and Home Value Forecast. Zillow is forecasting stronger growth in home sales through the end of the year while the rate of home value appreciation will be slower. Zillow is forecasting stronger growth in home sales through the end of the year while the rate of home value appreciation will be slower.

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Will Home Prices Drop in 2020?

Pro Builder

Will Home Prices Drop in 2020? Thu, 06/04/2020 - 10:13. Low inventory and interest rates are keeping housing prices stable through 2020, but by next April, nine years of annual home prices gains may end, according to a report by CoreLogic. The real estate data company projects that prices will decline 1.3