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Annual Home Price Gains Hit Record High in June – Sellers Become Homebuyers – Can they find you?

In June, national home prices continued to rise at a fast and unsustainable rate. Strong demand and low housing inventory have been driving home prices at double-digit growths for eleven months. All 20 metro areas reported home price increases in June, while 12 of them had an acceleration in home price growth. The S&P CoreLogic […]

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New Home Sales Steady in July – Are your signs out?

As the market has cooled due to higher costs, July recorded a slight gain of 1% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. The July seasonally adjusted annual rate (708K) was 27% lower than a year ago, due to builders slowing sales as a consequence of […]

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June Single-Family Permit Gains – Homebuyers are out – Can they find you?

Over the six months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 589,146. On a year-over-year (YoY) basis, this is a 35.9% increase over the June 2020 level of 433,484. Year-to-date ending in June, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 39.6%, […]

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June Gains for Private Residential Spending – Can the homebuyers find you?

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% in June to a seasonally adjusted annual rate of $763.4 billion. Total private residential construction spending was 29.3% higher than a year ago. The monthly gains are attributed to the strong growth of spending on single-family construction and improvements. […]

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U.S. Housing Market Needs 5.5 Million More Units, Says New Report – Can the Homebuyers Find You?

Construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels, according to a new National Association of Realtors report, which is calling for a “once-in-a-generation” policy response. The industry lobbying group said it hopes the report, which was released Wednesday, persuades lawmakers to include housing investments in […]

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Half of New Single-Family Homes: Single-Story in 2020 – Homebuyers are Out – Can they find you?

Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows that the share of two-story homes continued to decrease and the share of two or more stories homes started was equal to one story homes in 2020. The Mountain division was the only region for which the number of […]

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April Single-Family Permit Gains; South Increases by 30.9%

Over the four months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 384,196. On a year-over-year (YoY) basis, this is a 35.6% increase over the April 2020 level of 283,344. Year-to-date ending in April, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest […]

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Will Housing Prices Drop in 2022? Get Your Homebuyers to Your Sales Center Now

Given the rapid and unexpected rise in home values during the pandemic, a lot of people are now wondering if housing prices will drop in 2022. Concerns of a real estate bubble and a general housing market crash have become common. among home buyers and industry professionals alike. Many are wondering: Will home prices drop […]

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U.S. Home-Price Growth Surges as Demand Overwhelms Supply – Are Your Signs Out?

Prices for new and previously owned U.S. homes are surging, as strong demand continues to overwhelm the housing supply. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 13.2% in the year that ended in March, up from a 12% annual rate the […]

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What to Expect From the Housing Market in Summer 2021 – More Homebuyers – Can they find you?

The U.S. entered 2021 with pandemic fatigue, though it hadn’t – and still hasn’t – slowed down homebuyer activity. The first months of the year have seen rapid growth in home prices as low inventory of houses on the market combined with high buyer demand creates fierce competition in suburban areas and medium-to-small metro areas […]

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