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New-home sales hit highest level since 2021

Housing Wire

New home sales continue to be a bright spot in a dismal housing market. Census Bureau and Department of Housing and Urban Development shows new-home sales registering at a seasonally adjusted annual rate of 698,000, good for a 6.7% Even better, new home sales for the calendar year 2024 are estimated at 683,000, which is 2.5%

Sales 476
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Positive Signs: Single-Family New Construction, Permits Rise in September

RIS Media

Department of Housing and Urban Development bears that sentiment out. According to the bureau’s September Monthly New Residential Construction report,… The post Positive Signs: Single-Family New Construction, Permits Rise in September appeared first on RISMedia. Census Bureau and the U.S.

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Unsold homebuilder inventory is ticking up as new home sales slow

Housing Wire

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%.

As-is 511
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New-home sales dip slightly in February

Housing Wire

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. Department of Housing and Urban Development ( HUD ). month supply of new single-family homes, according to census and HUD data.

Sales 486
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Housing starts rise on falling mortgage rates

Housing Wire

New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Single-family building activity drove November residential construction activity. Housing starts rose in November, significantly beating expectations. Census Bureau data.

Mortgages 459
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US housing market is now worth a record $52 trillion: Zillow

Housing Wire

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Fueling this increase is new construction, according to Divounguy, even though the 1.3% Over the past year, the value of the U.S.

Marketing 521
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Housing starts see steep drop in January

Housing Wire

New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% Department of Housing and Urban Development (HUD). Housing inventory remained low in January and new homes still accounted for about 30% of all homes available for sale. Census Bureau and the U.S. on an annual basis.