Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market.
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Category: RCLCO
March brings rise in single-family construction
U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts.
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New-home sales jump 7.2% in January
The median sales price of a new home declined on both a monthly and yearly basis, however, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
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New-home sales rise again in November
At the same time, the median sales price of a new house slid to $471,200 from $484,700 in October and $430,300 a year earlier, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
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New-home sales fall again in March
Low inventory and rising interest rates have reduced prospective homebuyer purchasing power.
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New-home sales fall again in February
Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.
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Real estate advisors project tamer housing market in 2022
Home-price growth is expected to average about 5% this year, far below the record-breaking pace set in 2021, RCLCO reported.
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Housing starts rise in December on strong multifamily sector
While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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New-home sales soar 12.4% in November
The median sales price of new homes hit a new high of $416,900.
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