Pro Builder

MAY 18, 2021

Monthly Housing Inventory Drop Improved Slightly in April. Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4% Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4%

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Pro Builder

SEPTEMBER 23, 2021

Is Housing Inventory Much Lower Than We Think it is? It seems likely that active inventory is down close to 25% year-over-year, rather than 13.4%. An analysis of the existing home sales by Calculated Risk noted that inventory may be much less than what the National Association of Realtors report shows.

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Pro Builder

JANUARY 25, 2021

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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Pro Builder

MAY 23, 2022

Housing Inventory Is Falling at Its Slowest Pace in Two Years. April for-sale housing inventory fell at a single-digit year-over-year pace for the first time since the start of the pandemic. As a result, buyers are backing off, which is causing home sales to fall and the housing shortage to ease. Housing Markets.

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Pro Builder

APRIL 23, 2021

Housing Inventory Shows Promising Signs of Potential Rebound. Housing inventory began to show its first signs of a rebound in March when stock took a much shallower dip and even increased from February in some markets. For-sale inventory dropped 1.1% For-sale inventory dropped 1.1% cbroderick.

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Pro Builder

NOVEMBER 1, 2021

Buyers Lower Expectations After Third Straight Quarter of Low Housing Inventory. With a scarcity of homes for sale in the third quarter of 2021, fewer buyers are expecting to find a home with current market availability, reports the NAHB’s Eye on Housing. Mon, 11/01/2021 - 10:03.

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Pro Builder

MAY 6, 2021

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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Pro Builder

JANUARY 21, 2022

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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Pro Builder

JUNE 3, 2020

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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Pro Builder

JANUARY 12, 2023

First-Time Buyers Burdened by Lack of Entry-Level Inventory. For the past two years, first-time buyers have battled a housing affordability crisis paired with a growing shortage of cost-friendly starter homes. Thu, 01/12/2023 - 11:29. Market Data + Trends. New-Home Sales. New-Home Sales.

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Pro Builder

FEBRUARY 2, 2021

Despite Low Inventory, Buyers are Positive About Housing Availability. Prospective homebuyers were more negative about the housing market conditions, specifically housing availability, in 2019 compared to 2020, according to the National Association of Home Builders’ Housing Trends Report. cbroderick.

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Pro Builder

DECEMBER 1, 2020

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%

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Pro Builder

JANUARY 11, 2021

The 2020 Housing Issues Sticking Around This Year. Low inventory, high home prices, working from home, rising home values—all these factors were a part of the flourishing housing market this year, but will they continue on through 2021? cbroderick. Mon, 01/11/2021 - 09:13. And more than half of U.S. Affordability.

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Pro Builder

OCTOBER 2, 2020

Housing Inventory Continues to Dwindle As Prices Advance. Fri, 10/02/2020 - 09:47. Homes on the market lag far behind last year's available inventory. cbroderick. In a normal world, buyer demand would have most likely eased up in October, but it does not appear to be headed that way.

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Pro Builder

MARCH 25, 2021

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. lower than February 2020. A 25% increase in listings is needed to bring inventory back to April 2020’s level.

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Pro Builder

JUNE 11, 2020

Homebuyers in Search of Space Will Face Historically Low Inventory . Thu, 06/11/2020 - 10:17. Even before the pandemic, the housing industry struggled with the lack of housing inventory, especially at the affordable end. In 2009, the nation had a 10 month supply of homes--now we have a 3 month supply.

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Pro Builder

DECEMBER 27, 2021

Low Inventory Slows New Home Sales at the Close of 2021. Though sales of single-family houses are rising on a monthly basis, November 2021 rates were down 14 percent year-over year at a seasonally adjusted annual rate of 744,000, according to the CalculatedRisk Newsletter. percent below the November 2020 estimate of 865,000.

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Pro Builder

JUNE 30, 2022

The Nation’s Hottest Housing Markets Are Finally Cooling. Local housing inventories are climbing in some of the nation's most in-demand metros and suburbs, signaling greater affordability and more opportunities for home purchases in the near future. The growth in home prices has also slowed in the Elk Grove housing market.

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Pro Builder

APRIL 5, 2021

If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages. Mortgage credit availability has reached near its lowest level since 2014, adding another hurdle for prospective buyers on top of low inventory and rising home prices. The median credit score for borrowers was 786 during the fourth quarter of 2020.

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Pro Builder

FEBRUARY 17, 2022

Low Inventory and Price Gains Could Pose Challenges for Spring Shoppers. Home prices are hitting new highs and builders are racing against the clock to add much-needed housing supply, but demand isn’t wavering ahead of another strong season for home buying. decline from January 2020, Zillow reports. Housing Markets.

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Pro Builder

NOVEMBER 30, 2021

Housing Markets to Watch in 2022. Forbes reveals its list of the hottest housing markets for the new year. to suburban communities, the hottest housing markets of 2022 are defined by the most appealing sales-to-list price ratios, median sale prices, and for-sale inventory over a 5-year period. Housing Markets.

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Housing Inventory North Carolina Seattle 52

Pro Builder

NOVEMBER 1, 2021

What to Expect in the 2022 Housing Market. The decisive force in the 2022 housing market will likely be inventory after a year of high competition and low supply, according to Bill McBride’s CalculatedRisk Newsletter. The key in 2022 will be inventory. Total housing starts will be around 1.58 Housing Markets.

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Pro Builder

JULY 22, 2021

Starter Home Inventory at Five-Decade Low. There were 418,000 new starter homes constructed in the late 1970s, but there were just 65,000 starter homes completed in 2020. Freddie Mac defines entry-level housing as homes up to 1,400 square feet, and inventory for those homes is now at a five-decade low, reports Realtor.com.

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Inventory Miami Housing New York 52

Pro Builder

JUNE 10, 2021

Experts Say Relaxed Zoning Rules Will Boost Housing Supply. The most effective way to increase the supply of housing would be to relax zoning rules, according to results from Zillow’s Home Price Expectations Survey. This survey questions housing experts on their expectations and solutions for the housing market.

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Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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Pro Builder

NOVEMBER 1, 2021

Housing Market. Though housing demand will likely remain high into 2022, more inventory and low interest rates could create a more balanced market, according to Forbes Business Council. As of December 2020, there was only a 1.9-month So, what has the potential to shift the market and create a more balanced housing supply?

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Pro Builder

MARCH 4, 2022

The Median Home Price Is Up to a New Record High as Inventory Drops. Unrelenting price gains are a direct result of low housing supply and heightened competition in nearly every market across the U.S. A lack of housing inventory caused the typical home to sell for 0.8% Housing Markets. Fri, 03/04/2022 - 10:22.

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Pro Builder

SEPTEMBER 24, 2021

Next Year’s Housing Market Will Be Boring. While supply-chain problems and some inventory constraints are likely to persist into next year, both buyers and builders seemed to be getting more comfortable with the current environment. Fri, 09/24/2021 - 10:42. Meanwhile, average 30-year fixed mortgage rates have fallen by about 0.7%.

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Pro Builder

AUGUST 31, 2021

Why We Won’t See a Housing Market Crash. A growing list of doomsayers point to the shifting market as taking us one step closer to a bursting housing bubble. In their minds, housing went up too fast and now must come back down. In their minds, housing went up too fast and now must come back down. Tue, 08/31/2021 - 10:34.

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Pro Builder

JULY 29, 2021

Inventory Shortage, Rising Prices Affect Luxury Market. The luxury home market has experienced the same buying frenzy seen in the middle and lower ends of the market, resulting in rising home prices and fast-moving inventory. increase in the number of homes sold above $1 million in May 2021 compared to May 2020. . cbroderick.

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Pro Builder

NOVEMBER 4, 2021

Denver Metro Housing Market Hits Cooling Period. Why Colorado’s capital city is seeing a decline in housing activity. . Though the housing market is still hot in most metro areas across the United States, Denver is seeing a major cooling period with fewer home sales and active listings during the month of October. .

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Pro Builder

FEBRUARY 11, 2022

The 2022 Housing Market Is Heating Up—Could It Outpace the Year Before It? Homes are selling faster than ever, and as supply dwindles, buyers are going toe-to-toe in yet another heated housing market . The average January home sold in just 61 days, 10 days less than in 2021 and 29 days faster than pre-pandemic rates from 2017 to 2020.

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Pro Builder

DECEMBER 28, 2021

Soaring Home Prices Shatter Utah Housing Records. Utah recorded its best year for home sales in 2020 with a staggering 19,202 homes sold in Salt Lake County, and though experts predicted even more market activity in 2021, sales have dwindled in the last half of the year, reports Deseret News. Housing Markets. Regional Builders.

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Pro Builder

MAY 29, 2020

Weekly New Listings, Pending Sales Spike, While Inventory Remains Tight. Fri, 05/29/2020 - 09:54. Weekly pending sales and new listings are on the rise, ending another chaotic month for the housing market on a high note. Partly on the strength of that rebound, Zillow’s forecast now shows an expected 1.8%

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Pro Builder

JUNE 17, 2021

Million More Units to Close Housing Gap. With the release of a new report that found the housing market needs 5.5 million more units, the National Association of Realtors (NAR) is calling on lawmakers to green-light housing investments in an infrastructure package. housing markets needs 2 million single-family homes, 1.1

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Pro Builder

JUNE 14, 2021

2021 Housing Giants Report: An Unforgettable Forgettable Year. New and old challenges confronted the housing industry in 2020, and it may never be the same. How will 2020 be remembered in the history of the U.S. housing industry? SEE THE LIST: 2021 Housing Giants Ranked List. Mon, 12/06/2021 - 12:00.

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Pro Builder

SEPTEMBER 16, 2020

What Can Buyers Expect from the Remainder of 2020? Wed, 09/16/2020 - 09:47. Tri Nguyen, founder and CEO of Network Capital Funding Corporation, forecasts possible changes to lending regulations, more attraction to affordable locales, and a reemergence of housing inventory. A Steady Re-Emergence Of Housing Inventory.

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