A home for sale today is nearly twice as likely to be newly built than in 2019 as a glut of unsold projects reaches the market, according to a new report from Redfin
Construction costs remain high. But one of the biggest headaches for builders — obtaining lumber at a steady price — may be normalizing
August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436B, a 2.9% fall from July, according to US Census Bureau data released Monday
Lumber futures have fallen back to where they were before the pandemic ignited a boom in housing and stretched supply chains to the limit, according to data compiled by Nasdaq
Pending home sales dropped 8.6% in June, suggesting a drop in home closings just around the corner, according to figures released Wednesday by the National Association of Realtors
Current CoStar report finds 'a continued downward trend in rent growth,' as vacancy rates tick upward and rent price growth cools. The Sun Belt and South continue to see the fastest growth
The steady increase has occurred despite widespread supply shortages, tight labor markets, rising inflation and the volatile cost of wood, according to National Association of Home Builders
Employers in real estate and residential construction grew workforces by 0.2% on a seasonally adjusted basis, according to Department of Labor survey out Friday
To understand the state of the housing market, economists often turn to stats on new residential construction for indicators on where the market may be headed. Here's what the data says
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
But local land and zoning laws are keeping cities from taking advantage of these locations ...
Some relief for buyers may be on the way
Turns out a big yard gives homeowners the extra 'breathing room' they want
Housing shortage in America might intensify, says NAR chief economist
This is the biggest leap in years and could indicate an inventory increase coming soon