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Record Low New Home Sales and Construction Inventory

Pro Builder

Record Low New Home Sales and Construction Inventory. After a boom in new home sales during the first months of the pandemic, rates are steadily declining year-over-year with an inventory supply just above the record low of 33 thousand, according to the CalculatedRisk Newsletter. percent below the September 2020 estimate of 971,000.

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New Construction Hits Record Highs as Inventory Posts Record Lows

Pro Builder

New Construction Hits Record Highs as Inventory Posts Record Lows. The housing shortage worsened in April by reaching a new low, but March’s increase in new construction could bring much needed relief. during the first quarter of 2021 compared to 2020 and housing starts rose 15.3% cbroderick. Thu, 05/06/2021 - 09:48.

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New-Home Sales Gain Steam as Inventory Rises From Record Lows

Pro Builder

Still, housing supply is inching back toward pre-pandemic levels after reaching a record low in October 2020. Total inventory of completed for-sale homes is more than double the record low of 32,000 reached in 2021 and early 2022, while the inventory of homes under construction remains high at 280,000. months from 8.7

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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. In the shadow of the top 20 Housing Giants and their impressive numbers, midsize production builders are vital to the industry’s growth and resilience. 2020 Housing Giants Ranked. Previous: 2019 Housing Giants Report. .

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Existing-Home Sales Dropped in December as Inventory Reached Record Low

Pro Builder

Existing-Home Sales Dropped in December as Inventory Reached Record Low. million as inventory fell to an all-time low of 910,000 units in December. below the December 2020 sales rate. Housing Markets. Fri, 01/21/2022 - 10:28. Total existing home sales fell 4.6% from November and dropped 7.1% Sales in December (6.18

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Existing Home Sales Soared in 2020 Despite Record Low Inventory

Pro Builder

Existing Home Sales Soared in 2020 Despite Record Low Inventory. If housing inventory were robust enough to meet current demand, there may have been nearly 8 million sales closed, says the National Association of Realtors chief economist. In addition to the low inventory, home prices increased 12.9% cbroderick.

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New-Home Inventory at Three-Year Low as Sales Outpace Construction

Pro Builder

New-Home Inventory at Three-Year Low as Sales Outpace Construction. Tue, 12/01/2020 - 10:47. The historic margin of new-home sales versus construction starts from the end of summer are continuing to affect overall new-home inventories. Inventories for new homes are now at a three-year low. cbroderick. Sales are up 20.6%