Remove 2020 Remove Housing Remove Inventory Remove Residential
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Remote Work and Cryptocurrency Are Driving up Demand for Luxury Houses

Pro Builder

Remote Work and Cryptocurrency Are Driving up Demand for Luxury Houses. As residential sales nationwide reach historic gains, luxury homes in Manhattan are closing at prices above $10 million, while some exurban properties are also exceeding seven figures, according to Realtor.com. Housing Markets. Wed, 01/12/2022 - 10:30.

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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. As the construction industry struggles to recruit, train, and retain workers, delayed projects and lingering inventory shortages will continue to limit affordability for homebuyers. . percent in 2020.

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Home Sales Are Slowing, but Prices Continue to Rise

Pro Builder

The residential real estate market saw falling sales activity in November after months of similar declines, but despite growing hesitancy among would-be buyers, home prices are remaining resilient, according to the National Association of Realtors. Plus, available housing inventory remains near historic lows.”. year-over-year.

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2020 Housing Giants Report: The Magnificent Middle

Pro Builder

2020 Housing Giants Report: The Magnificent Middle. Wed, 06/03/2020 - 13:00. In the shadow of the top 20 Housing Giants and their impressive numbers, midsize production builders are vital to the industry’s growth and resilience. 2020 Housing Giants Ranked. Previous: 2019 Housing Giants Report. .

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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Housing Inventory Slowed by Supply Chain Disruptions

Pro Builder

Housing Inventory Slowed by Supply Chain Disruptions. Home construction is peaking, but new inventory may still offer inadequate supply. Though new construction rates seem promising in a housing market with limited supply, many projects are facing extended delays, and some have even carried over from the year prior.

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Low Inventory Slows New Home Sales at the Close of 2021

Pro Builder

Low Inventory Slows New Home Sales at the Close of 2021. New home prices are up 20% year-over-year while a record 110,000 residential construction projects have yet to be started. Census Bureau and the Department of Housing and Urban Development. percent below the November 2020 estimate of 865,000. This is 12.4