Pro Builder

JANUARY 10, 2023

Will Inventory Fall to All-Time Lows Again in 2023? Despite a sudden uptick in purchase applications, total housing inventory is on the verge of falling below 1 million for only the second time in recent history in 2023. million homes for sale, on average, total inventory is currently at a low 1.14 Weekly inventory change: (Dec.

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Pro Builder

FEBRUARY 5, 2021

Buyers Face Tough Conditions as Housing Inventory Drops 43% Annually. Fri, 02/05/2021 - 10:13. If homebuyers are fed up with the rising home prices and low inventory now, the upcoming spring homebuying season could make this season look effortless. cbroderick. New listings also tumbled 23% compared to last year.

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Pro Builder

JANUARY 28, 2022

December Housing Inventory Highest Since 2007. Home sales are down year-over-year, but additional inventory could relieve record-high demand. New home sales increased to a seasonally adjusted annual rate of 744 thousand in December 2021, though yearly sales remained 7.3% Fri, 01/28/2022 - 10:23. months from 6.6

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Pro Builder

NOVEMBER 8, 2021

Over 2 Million More Construction Workers Needed to Combat Low Housing Inventory. Mon, 11/08/2021 - 09:37. As demand for new homes grows, a lack of skilled construction labor continues to limit inventory and affordability. How a monumental labor shortage is affecting the housing market. million new hires, the report said.

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Pro Builder

NOVEMBER 24, 2021

Local Housing Markets Report Low Inventory in October. Wed, 11/24/2021 - 09:47. Housing inventory is reaching record lows—here’s what to expect in the months ahead. Local housing markets reported low inventory for the month of October, and markets in Jacksonville, Miami, and San Diego even reached record lows.

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Pro Builder

MAY 18, 2021

Monthly Housing Inventory Drop Improved Slightly in April. Tue, 05/18/2021 - 09:25. Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4% Inventory was down 30.3% cbroderick. from March instead. from March instead. Breakneck Growth.

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Pro Builder

APRIL 23, 2021

Housing Inventory Shows Promising Signs of Potential Rebound. Fri, 04/23/2021 - 10:10. Housing inventory began to show its first signs of a rebound in March when stock took a much shallower dip and even increased from February in some markets. For-sale inventory dropped 1.1% For-sale inventory dropped 1.1%

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Pro Builder

MARCH 25, 2021

As Spring Buying Season Approaches, Inventory Drops. Thu, 03/25/2021 - 10:09. Buyers entering the housing market in the spring buying season will face difficulties as housing inventory dropped nearly 50% compared to 2020. The Washington Post reports the number of homes for sale in February 2021 was 48.6% cbroderick.

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Pro Builder

JANUARY 25, 2021

Existing Home Sales Soared in 2020 Despite Record Low Inventory. Mon, 01/25/2021 - 09:54. If housing inventory were robust enough to meet current demand, there may have been nearly 8 million sales closed, says the National Association of Realtors chief economist. In addition to the low inventory, home prices increased 12.9%

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Pro Builder

APRIL 21, 2022

March Home Sales Dropped as Inventory Dwindled and Prices Soared. For-sale homes were in short supply during March, but even those who managed to find pockets of inventory were held back by elevated prices. lower than the same period in 2021. Thu, 04/21/2022 - 10:21. March home sales were down 4.5% million units to 5.93

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Pro Builder

MARCH 29, 2021

10 Cities That Will Dominate Home Construction in 2021. Mon, 03/29/2021 - 10:38. The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory. The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory.

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Pro Builder

NOVEMBER 1, 2021

Buyers Lower Expectations After Third Straight Quarter of Low Housing Inventory. Mon, 11/01/2021 - 10:03. With a scarcity of homes for sale in the third quarter of 2021, fewer buyers are expecting to find a home with current market availability, reports the NAHB’s Eye on Housing.

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Pro Builder

APRIL 12, 2021

Will Vaccines Boost Housing Inventory? Mon, 04/12/2021 - 09:08. Harsh winter weather and ever-dropping housing inventory can be to blame for the recent drop in pending home sales. cbroderick.

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Pro Builder

FEBRUARY 9, 2022

With Limited Inventory, Buyers Are Competing for an Aging Housing Stock. As a result, inventory is disappearing, and buyers are facing record high prices and a tight competition for a limited supply of existing homes rather than new construction. Wed, 02/09/2022 - 10:21.

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Pro Builder

APRIL 5, 2021

If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages. Mon, 04/05/2021 - 08:49. Mortgage credit availability has reached near its lowest level since 2014, adding another hurdle for prospective buyers on top of low inventory and rising home prices. cbroderick.

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Pro Builder

APRIL 15, 2021

Here's What Housing Economists Say About Remote Work and Housing Inventory. Thu, 04/15/2021 - 10:29. Zillow’s Quarter One Zillow Home Price Expectations survey questioned more than 100 industry experts on their views of the rental market, inventory, expectations for home value growth, and more. cbroderick.

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Pro Builder

FEBRUARY 11, 2022

Here Are the Cities With the Highest Inventory—and Those With the Lowest. The hottest cities of 2021 are becoming the picked-over markets of 2022, but buyers are still finding rare availability in some regions. Inventory will likely remain tight throughout peak buying season, but some regions will see more availability than others.

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Pro Builder

DECEMBER 2, 2020

What to Expect from 2021's Housing Market. After a year of many broken records, there remains much uncertainty about the 2021 housing market. next year as for-sale inventory becomes more robust, which may happen in the second half of 2021. previously lived in abodes) are projected to increase 7% in 2021.

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Construction Marketing

JUNE 30, 2023

The market situation in 2021 Before proceeding to the supply chain challenges in 2023, we should return two years before to understand better. 2020 was a turbulent year, but the supply chain was able to go back on track in 2021. However, fewer interruptions remained in 2021. They faced stock shortages, backroads, and delays.

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Pro Builder

DECEMBER 22, 2021

Zillow's Most Popular Markets of 2021. Wed, 12/22/2021 - 10:17. Here are the regional markets that generated the most online traffic in 2021. Zillow surfers exploring their dream homes drove up page-view traffic for Calabasas, California, which was the most popular small town in 2021 with an average home valuation exceeding $1.5

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Pro Builder

FEBRUARY 26, 2021

Is the Pandemic Entirely to Blame for Record-Low Housing Inventory? Fri, 02/26/2021 - 09:26. The same can be said for record-low housing inventory. That’s a record-shattering decline in inventory, following years of steady erosion. cbroderick.

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Pro Builder

NOVEMBER 19, 2021

Zillow’s October 2021 Market Report. Fri, 11/19/2021 - 09:20. Low housing inventory and home value appreciation signal a cooling market despite year-over-year highs for the month of October, Zillow reports. Why the housing market may finally be cooling off. Though home values remain high in the 50 largest U.S.

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Pro Builder

MARCH 1, 2022

Multifamily Apartment Absorption Soared in the Third Quarter of 2021. 2021 apartment absorption rates surged to the highest level since 2005, while a lack of new inventory drove up asking rents for the third consecutive quarter. Tue, 03/01/2022 - 09:48.

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Pro Builder

NOVEMBER 3, 2021

Here Are the Most Expensive Zip Codes of 2021. Wed, 11/03/2021 - 10:27. High demand and low inventory are causing home prices to soar in some regions of the United States, particularly in areas where the cost of living is already high, says Realtor.com. Where the cost of luxury takes the largest toll. from last year.

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Pro Builder

OCTOBER 29, 2021

Slow Economic Growth Reported for the Third Quarter of 2021. Fri, 10/29/2021 - 09:25. Nationwide supply-chain disruptions, high cost of living, and unemployment rates are causing a deceleration of economic growth in the third quarter of 2021, according to the NAHB’s Eye on Housing. in the third quarter of 2021, after a 6.7%

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Pro Builder

AUGUST 24, 2022

After Record Growth in 2021, Apartment Rents Have Finally Peaked. Rental growth appears to be stabilizing after reaching a record high in 2021—here's what that means for apartment hunters in the year ahead. Landlords dramatically slashed rents in 2020, as renters fled urban areas only to return in 2021 and even more strongly this year.

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New York City Income New York Inventory 52

Pro Builder

MAY 11, 2021

The Reality of Managing Leads in 2021. Tue, 05/11/2021 - 13:05. By then, they have taken time to peruse the builder's website, gather information, and look at available inventory and site plans. Reality Check: A List for Managing Leads in 2021. Here’s your 2021 reality check for managing leads. Jen Barkan.

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Pro Builder

MARCH 2, 2022

Single-Family, Multifamily Growth Remained Solid During the Final Quarters of 2021. The single-family and multifamily markets were sustained by high demand in 2021, but construction obstacles could hinder further growth in 2022. Wed, 03/02/2022 - 10:45.

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Pro Builder

DECEMBER 16, 2020

Housing Markets Expected to Thrive in 2021. While many unexpected housing markets boomed this year due to the pandemic, 2021 may be the year for these 15 cities, says Forbes. Read on to find out the top housing markets to watch in 2021. cbroderick. Wed, 12/16/2020 - 09:51. Boise, Idaho.

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Pro Builder

JANUARY 21, 2021

2021 Market Will Remain in Sellers' Control. Thu, 01/21/2021 - 09:53. And The Washington Post says to expect the same trends to continue through 2021, with some, such as historically low mortgage rates, going away. It’s the most constraining hurdles that will remain: low inventory and high prices. cbroderick.

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Pro Builder

FEBRUARY 19, 2021

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Fri, 02/19/2021 - 09:43. cbroderick. Construction starts for single-family, built-for-rent homes increased 50% last quarter compared to the fourth quarter of 2019.

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Pro Builder

FEBRUARY 2, 2021

Despite Low Inventory, Buyers are Positive About Housing Availability. Tue, 02/02/2021 - 09:12. cbroderick. Prospective homebuyers were more negative about the housing market conditions, specifically housing availability, in 2019 compared to 2020, according to the National Association of Home Builders’ Housing Trends Report.

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Pro Builder

MARCH 9, 2022

First-Time Homebuyers Found No Relief From Rising Prices in Q4 2021. 2021 came to a close with unfavorable market conditions for first-time buyers after consecutive monthly gains in home prices. Wed, 03/09/2022 - 11:00. Listings fell 14% in the fourth quarter, and homes in the nation’s 50 largest metros were listed at 5.5

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Pro Builder

JANUARY 11, 2022

Inventory and affordability will determine the rate of sales growth into another pivotal year for the housing market. economists and housing experts are evenly split on the pace of sales growth in 2022 with worsening affordability but rising inventory on the horizon, according to Zillow. Experts Split on Sales Expectations for 2022.

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Pro Builder

JANUARY 3, 2023

In fact, from October 2021 to October 2022, mortgage rates doubled in one year for the first time in history. As mortgage rates rose alongside inflation, more buyers decided to stay put, allowing inventory to increase. Since December 2019, inventory has declined year over year until it finally rose in June 2022.

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Pro Builder

OCTOBER 6, 2021

How Long Did It Take to Be a Home Owner in 2021? Wed, 10/06/2021 - 10:43. Record housing price appreciation and low inventory is dominating news about the real estate market, but the latest U.S. in the second quarter of 2021, which is slightly higher than pre-COVID-19 rates. . in the second quarter of 2020, up from 64.1%

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Pro Builder

FEBRUARY 21, 2022

Nationwide housing inventory dropped to a new low in January, but steadfast buyers aren’t slowing down. from December 2021 to January 2022, though the total supply of homes for sale dropped 16.5% At the current lightning sales pace, that inventory can only satisfy heightened demand for 1.6 lower compared with January 2021.

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