Rising existing-home inventory is thwarting homebuilders, who are now slowing permits and starts — and backing off from hefty incentives
Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6% annually. Experts attributed the drop primarily to mortgage rates
Revenue grew by 12% to $732M, and the Homes.com salesforce expanded to 370 people on the way to a goal of 500 reps, according to quarterly earnings data released Tuesday
Multifamily housing starts fell 9.8%, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4% month over month, according to data released Wednesday
International Longshoremen’s Association's strike ended on Friday, removing worries that an extended strike would negatively impact new-home starts and sales
New-home sales rose 9.8% YOY to a seasonally adjusted annual rate of 716K in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall
The Engel & Völkers Americas president and CEO took time to chat with Inman and shared why agents should be concentrating on relationships — not confusion around commission lawsuits
Thanks to a partnership with Builders Digital Experience, homeowners can request an Opendoor cash offer through new home search platform NewHomeSource.com
Opinion
The 4 major factors are land, labor, material costs and regulatory fees