The seasonally adjusted estimate of new houses for sale at the end of September was 389,000, representing a supply of 6.3 months at the current sales rate, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
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It is not “first comes love, then comes marriage,” but for many women, “first comes homeownership,” according to First American Chief Economist Odeta Kushi.
The post Homeownership rising for single women, despite pandemic ‘she-session’ appeared first on Atlanta Agent Magazine.
“Nothing sells like a shortage. We have underbuilt new housing relative to demand for a decade. Building will have to exceed household formation for a number of years to reduce the housing stock ‘debt’ we have accumulated.” — First American Deputy Chief Economist Odeta Kushi
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A new report form First American Financial Corporation shows strong fundamentals like demographic demand and low interest rates are propelling housing market potential.
The post Housing market potential reaches highest level since 2007 appeared first on Atlanta Agent Magazine.
The latest New Residential Construction report points to builder momentum, though supply-side challenges linger.
The post Single-family construction up, multi-family construction down appeared first on Atlanta Agent Magazine.
Three national firms have made some big hires. Check out the industry scuttlebutt in this week’s Making Moves.
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The U.S. economy added 1.4 million new jobs in August, but one economist warns that permanent job losses are a bigger problem.
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Nationwide sales of new single-family homes were at a seasonally adjusted rate of 901,000, up 13.9% from last month and 36.3% higher than July 2019.
The post Southern home sales jump 27.6% in July appeared first on Atlanta Agent Magazine.
New housing starts numbers suggest that if you can’t buy it, then build it, according to one economist.
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