Housing Wire

FEBRUARY 26, 2024

New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S. The uptick in new-home sales underscores the persistent strength of demand in the housing market despite the challenges posed by winter weather. At the current sales pace, there is an 8.3-month

Sales 459

Sales New Construction Construction Development 459

Keeping Current Matters

AUGUST 26, 2020

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. New Construction .

New Construction 321

New Construction Construction Design As-is 321

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% It indicates that a larger share of first-time homebuyers are active in the new home sales market. from 56,000 new home sales in July.

New Construction 418

New Construction Construction Mortgages VA loan 418

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%. At the current sales rate, this represents a supply of 7.8

As-is 511

As-is Sales New Construction MLS 511

Housing Wire

APRIL 18, 2024

Existing home sales slumped last month under the weight of elevated mortgage rates. Existing home sales receded by 4.3% Year over year, sales fell by 3.7%. Existing home sales posted a year-over-year price gain for the ninth consecutive month and reached the highest price ever for the month of March. million, down from 4.38

Sales 447

Sales New Construction MLS Construction 447

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 448

Sales New Construction Construction Closing costs 448

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, New home sales fell 5.6% down from 72.6 in September. above the previous year’s level.

Sales 497

Sales New Construction Construction Mortgages 497

Housing Wire

APRIL 25, 2023

New home sales posted yet another increase in March, rising 9.6% This is the fourth straight month of new home sales increases. On a year-over -year basis, however, new home sales are still down 3.4%. On a year-over -year basis, however, new home sales are still down 3.4%. This represents 7.6

Sales 435

Sales Construction New Construction Principal 435

Housing Wire

JUNE 17, 2021

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. The official May home sales report is scheduled to release Wednesday, June 23.

Sales 511

Sales VA loan FHA loan Loans 511

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year.

Sales 459

Sales New Construction Construction Mortgages 459

Housing Wire

MAY 20, 2024

The proportion of newly built homes for sale in the U.S. of single-family homes for sale in the first quarter, virtually unchanged from a year earlier and down slightly from a peak of 34.5% during the first quarter of 2024 remained steady compared to last year, fueled by a continued shortage of existing-home supply. two years ago.

Sales 468

Sales New Construction Construction Mortgages 468

Real Estate News

MAY 20, 2024

With many owners of existing homes hesitant to give up their low mortgage rates, new homes continue to account for an outsize share of the market.

New Construction 312

New Construction Construction Sales Mortgages 312

Housing Wire

OCTOBER 25, 2023

New home sales figures exceeded projections in September despite mortgage rates at 23-year high, declining mortgage applications and waning builder confidence. In September, the sales pace of new homes picked up considerably, up 12.3% On a year-over-year basis, new home sales were up 33.9%. It is down 5.4%

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. In theory, the sales levels are lower than the data will show. What is going on here?

Sales 488

Sales Construction New Construction Mortgages 488

Housing Wire

OCTOBER 18, 2024

We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales. As I noted on CNBC today, we can grow existing home sales and increase housing production, but we need mortgage rates to stay around 6% for some time.

Construction 379

Construction New Construction Residential Mortgages 379

Housing Wire

JUNE 27, 2023

New home sales in May rose 12.2% Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. They now supply about 30% of the residential sales market. The average sales price for new homes was $487,300.

Sales 370

Sales New Construction Construction Residential 370

Housing Wire

JUNE 23, 2021

Sales of newly built , single-family homes fell to the lowest pace in a year, down 5.9% Regionally, new home sales rose in two of the four regions in May. Sales grew 33% in the Northeast, 6.7% Against the backdrop of the COVID-19 pandemic, new home sales are still 9.2% months at the current sales rate.

Sales 476

Sales Construction New Construction Staging 476

Housing Wire

OCTOBER 26, 2023

Pending home sales ticked up 1.1% NAR’s Pending Home Sales Index rose to a reading of 72.6 Pending homes sales mirrored the trend in new home sales , which posted a 12.3% Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in 2024, hitting 800,000 new homes.

Sales 435

Sales New Construction Mortgages Construction 435

Housing Wire

JULY 26, 2021

New home sales continued to slip in June, falling 6.6% below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700.

Sales 448

Sales VA loan FHA loan Loans 448

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

Sales 435

Sales New Construction Equity Construction 435

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 482

Sales New Construction Staging Mortgages 482

Housing Wire

JANUARY 26, 2023

New home sales increased in December — a sign that new residential sales have continued to rebound in recent months. Last month, new home sales increased by 2.3% In addition, the median sales price of new houses that were sold in December dropped to $442,100, and the average sales price dipped to $528,400.

Sales 418

Sales Residential Construction New Construction 418

Real Estate News

JUNE 21, 2024

The median sale price for existing homes hit a record $419,300 in May, NAR reported, but home sales were lackluster and new construction has cooled.

Construction 312

Construction Sales New Construction 312

Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. In June, the sales pace of new homes fell 2.5% In June, the sales pace of new homes fell 2.5% from a month prior, but down 3.6%

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9%

Sales 366

Sales MLS Construction Short sale 366

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April.

Sales 370

Sales New Construction MLS Construction 370

Housing Wire

JUNE 22, 2023

Existing home sales marginally increased in May , but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). Total existing home sales rose 0.2% Year-over-year, sales dropped 20.4% Year-over-year, sales dropped 20.4% Sales in the South rose 1.5%

Sales 397

Sales Construction New Construction MLS 397

Housing Wire

OCTOBER 26, 2022

The new single-family home sales rollercoaster ride continues. After rebounding in August from a drop in July, new home sales were back down again in September, according to data released Wednesday by the U.S. Sales of new single-family homes in September were at a seasonally adjusted annual rate of 603,000, down 10.9%

Sales 368

Sales New Construction Investor MLS 368

Keeping Current Matters

SEPTEMBER 16, 2021

An important metric in today’s residential real estate market is the number of homes available for sale. They define active listings as: “ The active listing count tracks the number of for sale properties on the market , excluding pending listings where a pending status is available. There are new listings becoming available every day.

Sales 326

Sales New Construction Construction Equity 326

Housing Wire

MARCH 23, 2022

month-over-month in January , new home sales were down again in February, decreasing 2.0% Year-over-year, new home sales were down 6.2% At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 After dropping 4.5% in February.

Sales 397

Sales Construction Mortgages Finance 397

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

New Construction 482

New Construction Construction Sales Industrial 482

Housing Wire

JULY 18, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. This is the index’s highest reading since June 2022.

Sales 370

Sales Construction New Construction Finance 370

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. We have significantly fewer home sales happening. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. There’s just no sign of sales volume increasing. housing market now.

Sales 435

Sales Mortgages Marketing New Construction 435

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage. Additionally, nearly 16% of total home sales in August were new homes.

Marketing 521

Marketing New Construction Finance Construction 521

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” With existing inventory down, Schuler said new construction has taken on a larger role in his market. 23, 2024. “I

Marketing 468

Marketing New Construction Construction As-is 468

Real Estate News

OCTOBER 24, 2024

September’s lower mortgage rates may have given a boost to the new construction sector, but buyer enthusiasm could be waning as rates climb back up.

New Construction 299

New Construction Sales Construction Marketing 299

Housing Wire

SEPTEMBER 28, 2022

After a sharp decline in July , new home sales rebounded in August, according to data released Tuesday by the U.S. Sales of new single-family homes in August were at a seasonally adjust annual rate of 685,000, up 28.8%, but down 0.1% However, the faster sales pace was not good news for inventory.

Sales 284

Sales Construction New Construction MLS 284