New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
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New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
The post Surprise surge in new-home sales in May as median price falls appeared first on Atlanta Agent Magazine.
New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report.
The post Housing starts plunge in May amid uncertain economic conditions appeared first on Atlanta Agent Magazine.
The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000.
The post New residential sales fall in April as home prices, mortgage rates continue to climb appeared first on Atlanta Agent Magazine.
“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun
The post Single-family home construction slows for second month in a row as apartment starts jump appeared first on Atlanta Agent Magazine.
“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun
The post Pending-home sales down for fourth month in a row appeared first on Atlanta Agent Magazine.
Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.
The post New-home sales fall again in February appeared first on Atlanta Agent Magazine.
“Given the situation in the market — mortgages, home costs and inventory — it would not be surprising to see a retreat in housing demand.” — NAR chief economist Lawrence Yun
The post Pending-home sales slide for third month in a row appeared first on Atlanta Agent Magazine.
“Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high.” — First American Deputy Chief Economist Odeta Kushi
The post High prices, construction bottlenecks crimp new-home sales in January appeared first on Atlanta Agent Magazine.
Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand.
The post 2021 ends with a bang in new-home sales appeared first on Atlanta Agent Magazine.