Remove 2020 Remove Inventory Remove Permits
article thumbnail

2020 New-Home Sales Hit 14-Year High

Pro Builder

2020 New-Home Sales Hit 14-Year High. New single-family homes sold nearly 20% more in 2020 than in 2019, likely due to the shortage of existing homes on the market. According to Zillow, last year was the best year for new-home sales since 2006, thanks to low mortgage rates, low inventory, and the pandemic. cbroderick.

article thumbnail

New-Home Construction Reaches Highest Level Since 2006

Pro Builder

New-home construction starts and permits reached the highest level since 2006 in December, according to MarketWatch. Permits for December 2020 were 17% higher than one year ago and up 4.5% Growth in the single-family sector drove the rise in both housing starts and building permits. cbroderick. Thu, 01/21/2021 - 09:33.

Permits 105
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Housing 86
article thumbnail

The Best Metros for Homebuyers and Home Builders

Pro Builder

Housing inventory has fallen continuously during the past nine years while buyer demand has only risen, says the National Association of Realtors (NAR). These markets are also prime opportunities for home builders because the increase in inventory remains lower than demand. The Best Metros for Homebuyers and Home Builders. cbroderick.

Metro 52
article thumbnail

10 Cities That Will Dominate Home Construction in 2021

Pro Builder

The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory. Amid soaring home prices and crazy bidding wars, builders trying to put a dent in the insatiable demand for housing have applied for 14% more permits so far this year compared with the same 2020 period, per the U.S.

article thumbnail

Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

After decades of underbuilding and a recent shift to remote work, Rappaport predicts that national single-family permits could eventually rise to a long-term annual rate of 1.4 million, but a number of challenges remain for regional builders across the U.S., NAHB reports.

article thumbnail

National Builders Still Playing Catch Up After Great Recession Shortage

Pro Builder

Despite a major year-over-year surge in residential building permits from February 2020 to February 2021, national builders are still playing catch up with a large deficit to fill after years of underbuilding following the Great Recession. million new single-family homes permitted in the nation’s 35 largest housing markets, equal to 2.7

Permits 59