Pro Builder

FEBRUARY 5, 2021

Buyers Face Tough Conditions as Housing Inventory Drops 43% Annually. Fri, 02/05/2021 - 10:13. If homebuyers are fed up with the rising home prices and low inventory now, the upcoming spring homebuying season could make this season look effortless. cbroderick. New listings also tumbled 23% compared to last year.

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Pro Builder

JANUARY 21, 2022

Existing-Home Sales Dropped in December as Inventory Reached Record Low. December sales fell on both a month-over-month and a year-over-year basis, though overall sales for 2021 finished strong. million as inventory fell to an all-time low of 910,000 units in December. Fri, 01/21/2022 - 10:28. Total existing home sales fell 4.6%

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Inventory Housing 98

Pro Builder

FEBRUARY 27, 2023

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. The inventory of new homes under construction is at 5.0 The inventory of new homes under construction is at 5.0

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Pro Builder

MAY 6, 2021

New Construction Hits Record Highs as Inventory Posts Record Lows. Thu, 05/06/2021 - 09:48. during the first quarter of 2021 compared to 2020 and housing starts rose 15.3% percent during the first quarter of 2021 compared with the first quarter of 2020. cbroderick. Single-family home starts increased 19.6% in March alone.

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Inventory Construction Housing Washington 105

Pro Builder

NOVEMBER 8, 2021

Over 2 Million More Construction Workers Needed to Combat Low Housing Inventory. Mon, 11/08/2021 - 09:37. As demand for new homes grows, a lack of skilled construction labor continues to limit inventory and affordability. How a monumental labor shortage is affecting the housing market. million new hires, the report said.

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Construction Marketing

JUNE 30, 2023

The market situation in 2021 Before proceeding to the supply chain challenges in 2023, we should return two years before to understand better. 2020 was a turbulent year, but the supply chain was able to go back on track in 2021. However, fewer interruptions remained in 2021. They faced stock shortages, backroads, and delays.

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Pro Builder

JUNE 18, 2021

Economic Outlook 2021. Fri, 06/18/2021 - 07:00. Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. National Association of Home Builders.

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Pro Builder

MARCH 29, 2021

10 Cities That Will Dominate Home Construction in 2021. Mon, 03/29/2021 - 10:38. The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory. The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory.

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Pro Builder

DECEMBER 2, 2020

What to Expect from 2021's Housing Market. After a year of many broken records, there remains much uncertainty about the 2021 housing market. next year as for-sale inventory becomes more robust, which may happen in the second half of 2021. previously lived in abodes) are projected to increase 7% in 2021.

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Housing Inventory 97

Pro Builder

APRIL 5, 2021

If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages. Mon, 04/05/2021 - 08:49. 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. cbroderick.

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Inventory Finance Office Housing 85

Pro Builder

DECEMBER 27, 2021

Low Inventory Slows New Home Sales at the Close of 2021. Mon, 12/27/2021 - 10:19. 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. This is 12.4

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Pro Builder

JANUARY 25, 2021

Existing Home Sales Soared in 2020 Despite Record Low Inventory. Mon, 01/25/2021 - 09:54. 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%

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Inventory Housing 72

Pro Builder

JUNE 14, 2021

2021 Housing Giants Report: An Unforgettable Forgettable Year. Mon, 12/06/2021 - 12:00. SEE THE LIST: 2021 Housing Giants Ranked List. With that, home sales and construction spending were up, while prices were holding steady thanks to about six months of inventory. Read More From the 2021 Housing Giants Report.

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Housing Permits Industrial Estimating 105

Pro Builder

MAY 11, 2021

The Reality of Managing Leads in 2021. Tue, 05/11/2021 - 13:05. By then, they have taken time to peruse the builder's website, gather information, and look at available inventory and site plans. Reality Check: A List for Managing Leads in 2021. Here’s your 2021 reality check for managing leads. Jen Barkan.

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Pro Builder

DECEMBER 21, 2021

Housing Inventory Slowed by Supply Chain Disruptions. Tue, 12/21/2021 - 10:13. Home construction is peaking, but new inventory may still offer inadequate supply. This is normal for new home purchases, but the extra 70,000 and 150,000 single family homes under construction is excess inventory that will need to be absorbed.

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Inventory Housing Residential Construction 59

Pro Builder

SEPTEMBER 23, 2021

Is Housing Inventory Much Lower Than We Think it is? Thu, 09/23/2021 - 10:58. 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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Inventory Housing Comparison Risk 52

Pro Builder

JANUARY 28, 2022

December Housing Inventory Highest Since 2007. Home sales are down year-over-year, but additional inventory could relieve record-high demand. New home sales increased to a seasonally adjusted annual rate of 744 thousand in December 2021, though yearly sales remained 7.3% Fri, 01/28/2022 - 10:23. months from 6.6

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Pro Builder

JUNE 28, 2022

When Predicting a Housing Slowdown, Inventory Is Key. The housing market is cooling after two years of frenzied buyer activity, but a slowdown in home price growth hinges on existing and new home inventory. And the sharp decline in inventory during the pandemic (green arrow) was an indicator that price appreciation would increase.

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Pro Builder

NOVEMBER 24, 2021

Local Housing Markets Report Low Inventory in October. Wed, 11/24/2021 - 09:47. Housing inventory is reaching record lows—here’s what to expect in the months ahead. Local housing markets reported low inventory for the month of October, and markets in Jacksonville, Miami, and San Diego even reached record lows.

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Pro Builder

JANUARY 11, 2022

Inventory and affordability will determine the rate of sales growth into another pivotal year for the housing market. economists and housing experts are evenly split on the pace of sales growth in 2022 with worsening affordability but rising inventory on the horizon, according to Zillow. Experts Split on Sales Expectations for 2022.

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Inventory Forecasting Housing Maine 98

Pro Builder

APRIL 23, 2021

Fri, 04/23/2021 - 09:50. from February to March 2021, bringing March’s existing home sales to 6.01 March's inventory increased 3.9% Compared with March of 2020, inventory levels dropped 28.2%. months to move the current level of inventory at the current sales pace. March Existing Home Sales Drop as Prices Rise.

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Inventory Housing Contract 98

Pro Builder

FEBRUARY 26, 2021

Is the Pandemic Entirely to Blame for Record-Low Housing Inventory? Fri, 02/26/2021 - 09:26. The same can be said for record-low housing inventory. That’s a record-shattering decline in inventory, following years of steady erosion. cbroderick.

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Pro Builder

DECEMBER 6, 2021

Metro Denver Reports Low Housing Inventory in November. Mon, 12/06/2021 - 10:12. Builders are rushing to combat a two-year inventory shortage in metro Denver, but post-pandemic supply chain disruptions will continue to affect new construction starts into the new year. Normally, the inventory of homes for sale drops 11.4%

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Pro Builder

FEBRUARY 7, 2022

As housing demand surges and inventory dwindles, the share of newly built single-family homes for sale in December made up one-third of total housing inventory, up 25.4% By the end of December 2021, overall inventory dropped 14.2% year-over-year and the highest share on record, Redfin reports. New home sales rose 11.9%

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Pro Builder

SEPTEMBER 16, 2021

Thu, 09/16/2021 - 10:56. August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Zillow’s August 2021 market report found the typical cost of a home in the U.S. And the annual declines in inventory are not universal — Austin and Washington D.C.

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San Diego Housing San Francisco Inventory 98

Pro Builder

FEBRUARY 21, 2022

Nationwide housing inventory dropped to a new low in January, but steadfast buyers aren’t slowing down. from December 2021 to January 2022, though the total supply of homes for sale dropped 16.5% At the current lightning sales pace, that inventory can only satisfy heightened demand for 1.6 lower compared with January 2021.

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Pro Builder

JANUARY 10, 2023

Will Inventory Fall to All-Time Lows Again in 2023? Despite a sudden uptick in purchase applications, total housing inventory is on the verge of falling below 1 million for only the second time in recent history in 2023. million homes for sale, on average, total inventory is currently at a low 1.14 Weekly inventory change: (Dec.

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Inventory Housing Construction 52

Pro Builder

JULY 29, 2021

Inventory Shortage, Rising Prices Affect Luxury Market. Thu, 07/29/2021 - 10:29. 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. cbroderick. In May, a $28 million 1.26-acre Read More. . Market Data + Trends.

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Inventory Las Vegas Washington Nevada 52

Pro Builder

NOVEMBER 1, 2021

Buyers Lower Expectations After Third Straight Quarter of Low Housing Inventory. Mon, 11/01/2021 - 10:03. 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.

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Inventory Housing 52

Pro Builder

NOVEMBER 9, 2021

Tue, 11/09/2021 - 09:33. A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. As the construction industry struggles to recruit, train, and retain workers, delayed projects and lingering inventory shortages will continue to limit affordability for homebuyers. .

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Pro Builder

APRIL 21, 2022

March Home Sales Dropped as Inventory Dwindled and Prices Soared. For-sale homes were in short supply during March, but even those who managed to find pockets of inventory were held back by elevated prices. lower than the same period in 2021. Thu, 04/21/2022 - 10:21. March home sales were down 4.5% million units to 5.93

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Pro Builder

JULY 22, 2021

Starter Home Inventory at Five-Decade Low. Thu, 07/22/2021 - 10:15. 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. cbroderick.

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Pro Builder

JANUARY 3, 2022

Year-over-year increases in the seasonally adjusted Case-Shiller Composite 10, Composite 20 and National indices were the strongest on record in 2021, but a recent deceleration in house price growth could change the forecast for 2022, according to the CalculatedRisk Newsletter.

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Pro Builder

FEBRUARY 9, 2022

With Limited Inventory, Buyers Are Competing for an Aging Housing Stock. As a result, inventory is disappearing, and buyers are facing record high prices and a tight competition for a limited supply of existing homes rather than new construction. Wed, 02/09/2022 - 10:21.

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Pro Builder

DECEMBER 16, 2020

Housing Markets Expected to Thrive in 2021. While many unexpected housing markets boomed this year due to the pandemic, 2021 may be the year for these 15 cities, says Forbes. Read on to find out the top housing markets to watch in 2021. cbroderick. Wed, 12/16/2020 - 09:51. Boise, Idaho.

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Housing San Francisco Idaho New York 59

Pro Builder

JANUARY 3, 2023

In fact, from October 2021 to October 2022, mortgage rates doubled in one year for the first time in history. As mortgage rates rose alongside inflation, more buyers decided to stay put, allowing inventory to increase. Since December 2019, inventory has declined year over year until it finally rose in June 2022.

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Housing Inventory 98

Pro Builder

JULY 7, 2022

As Homebuyer Demand Drops, Inventory Is on the Rise in Metro Denver. Fewer buyers are actively searching for homes as interest rates surge, and waning demand is leaving behind an abundance of inventory. Rising inventory is the direct result of elevated mortgage rates pricing out a growing share of buyers. New-Home Sales.

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