Pro Builder

MARCH 24, 2022

Housing Inventory Won’t Return to Pre-Pandemic Levels Until 2024, Experts Say. A nationwide housing supply deficit has made homeownership an unattainable goal for a growing number prospective buyers, and some experts say they may have to wait another two years. . Total inventory dropped from a monthly average of 1.6

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Pro Builder

MARCH 15, 2023

Which Housing Markets Are Home to the Lowest For-Sale Inventory? Total housing listings reached 945,612 in February, and while that’s up 13% from one year ago, it’s still below the 1 million benchmark that housing experts had hoped to see ahead of the spring buying season, Realtor.com reports. In Clark County, Nev.,

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Pro Builder

APRIL 17, 2023

The National Association of Home Builders/Wells Fargo Housing Market Index rose one point to 45 in April, and although anything below 50 is considered negative, the latest reading is the highest since September, CNBC reports. Builders said one-third of housing inventory is new construction, compared with historical norms of around 10%.

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Pro Builder

NOVEMBER 8, 2021

Over 2 Million More Construction Workers Needed to Combat Low Housing Inventory. How a monumental labor shortage is affecting the housing market. To combat a major housing crisis, the construction industry will need to hire over 2 million more workers over the next three years, Insider reports. Housing Markets.

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Pro Builder

JUNE 5, 2023

Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale ldeakins Mon, 06/05/2023 - 10:58 While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis The U.S. Inventory remains tight in cities such as San Jose, Calif.,

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Pro Builder

JUNE 28, 2022

When Predicting a Housing Slowdown, Inventory Is Key. The housing market is cooling after two years of frenzied buyer activity, but a slowdown in home price growth hinges on existing and new home inventory. Tue, 06/28/2022 - 10:31.

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Pro Builder

FEBRUARY 5, 2021

Buyers Face Tough Conditions as Housing Inventory Drops 43% Annually. 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. January housing inventory dropped 43% compared to January 2020, according to Realtor.com.

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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. The current inventory of homes under construction is at 263 thousand, the highest since 2007. Fri, 01/28/2022 - 10:23. below 2020 rates, according to the CalculatedRisk Newsletter.

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Pro Builder

FEBRUARY 27, 2023

Still, housing supply is inching back toward pre-pandemic levels after reaching a record low in October 2020. Total inventory of completed for-sale homes is more than double the record low of 32,000 reached in 2021 and early 2022, while the inventory of homes under construction remains high at 280,000. months from 8.7

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Pro Builder

DECEMBER 21, 2021

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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Pro Builder

NOVEMBER 29, 2022

Could Rising Inventory Overload an Off-Kilter Housing Market? Low housing supply is sustaining elevated home prices across the nation even as mortgage rates creep to new highs, and a highly-anticipated early 2023 inventory spike could cause an unbalanced housing scale to finally tip. . Tue, 11/29/2022 - 10:36.

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Pro Builder

NOVEMBER 24, 2021

Local Housing Markets Report Low Inventory in October. 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. Housing Markets.

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Pro Builder

JUNE 20, 2023

Housing Inventory Woes Worsen Amid a Buyer-Seller Standoff ldeakins Tue, 06/20/2023 - 10:54 With more rate hikes on the horizon, new home listings are poised to plunge amidst an already rampant housing shortage During the four weeks leading to June 11, the total number of U.S.

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Pro Builder

DECEMBER 6, 2021

Metro Denver Reports Low Housing Inventory in November. Ongoing housing shortages are creating a competitive Denver market. A lack of housing supply is creating tight buyer competition as home prices outpace home sales and delayed residential construction leaves behind an undersupplied Denver market. . Housing Markets.

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Pro Builder

MAY 13, 2022

Weekly Inventory Up Year-Over-Year for the First Time Since 2019. Housing inventory is slowly climbing as buyer demand, home sales slow due to mortgage rate hikes. Year-over-year inventory was down 30% from 2019 levels at the start of the year, but current year-over-year supply is unchanged from mid-2019.

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Pro Builder

APRIL 11, 2023

Read more Housing Markets Sales Housing Markets The lack of homes hitting the market explains why the market is moving fast even though sales are still down. The lack of new listings is also one reason why sales are down: Buyers can’t buy if sellers don’t want to sell.”

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Pro Builder

APRIL 5, 2023

Not only is uncertainty in the tech sector leading to weaker homebuying demand, but a lack of for-sale inventory is creating additional hurdles for prospective buyers. Not only is uncertainty in the tech sector leading to weaker homebuying demand, but a lack of for-sale inventory is creating additional hurdles for prospective buyers.

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Pro Builder

JULY 30, 2021

Homebuying Activity Returns as Inventory Increases. An uptick in homebuying activity in June after months of decline shows slowed buying activity resulted from low inventory, says the National Association of Realtors (NAR). June housing inventory was up 3.3% cbroderick. Fri, 07/30/2021 - 09:36. There were 1.6

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Pro Builder

MAY 18, 2021

Monthly Housing Inventory Drop Improved Slightly in April. Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4% Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4%

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Pro Builder

MAY 23, 2022

Housing Inventory Is Falling at Its Slowest Pace in Two Years. April for-sale housing inventory fell at a single-digit year-over-year pace for the first time since the start of the pandemic. As a result, buyers are backing off, which is causing home sales to fall and the housing shortage to ease. Housing Markets.

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Pro Builder

JANUARY 16, 2023

New Listings Fall as Total Single-Family Inventory Rises at the Start of 2023. New-construction projects are boosting housing inventory and sustaining high home prices even as would-be sellers pull back. Housing inventory was up 61.4% Mon, 01/16/2023 - 10:41.

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Pro Builder

APRIL 12, 2021

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

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Pro Builder

OCTOBER 27, 2021

Record Low New Home Sales and Construction Inventory. After a boom in new home sales during the first months of the pandemic, rates are steadily declining year-over-year with an inventory supply just above the record low of 33 thousand, according to the CalculatedRisk Newsletter. Housing Markets. Housing Markets.

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Pro Builder

AUGUST 10, 2021

Forbearance Exits Expected to Add Inventory. A wave of inventory could come soon as hundreds of thousands of homeowners are expected to exit forbearance, with a significant share likely to list their homes. This not only benefits the market’s inventory problem, but homeowners can benefit from the significant price appreciation.

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Pro Builder

APRIL 15, 2021

Here's What Housing Economists Say About Remote Work and Housing Inventory. Remote work, at least part time, will be a trend shaping the future of the housing industry permanently, according to housing economists and real estate experts. cbroderick. Thu, 04/15/2021 - 10:29.

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Pro Builder

APRIL 23, 2021

Housing Inventory Shows Promising Signs of Potential Rebound. 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% cbroderick.

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Pro Builder

MAY 2, 2022

Weekly Inventory Is Down Just 6% Year-Over-Year at the Start of May. Housing supply is still at a historic low, but residential construction is speeding up. . Though inventory will remain at a historically low level, year-over-year supply is rising, especially as new home sales slow as a result of elevated mortgage rates.

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Pro Builder

SEPTEMBER 23, 2021

Is Housing Inventory Much Lower Than We Think it is? It seems likely that active inventory is down close to 25% year-over-year, rather than 13.4%. An analysis of the existing home sales by Calculated Risk noted that inventory may be much less than what the National Association of Realtors report shows.

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Pro Builder

APRIL 28, 2022

New Home Sales Slowed in March Despite Increased Inventory. New home sales are declining year-over-year after soaring during the first months of the pandemic, but housing supply is on the rise, says Bill McBride in the CalculatedRisk Newsletter. The inventory of new homes under construction is at 4.2 Thu, 04/28/2022 - 10:27.

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Pro Builder

AUGUST 19, 2021

New Federal Reserve Study Seeks Answers for Housing Inventory Decline. A new study by the Federal Reserve sought to discover whether the lack of inventory caused rising home prices. Some counties reported 60% year-over-year declines for inventory, others saw 30% drops, says MarketWatch. cbroderick.

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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. housing market traditionally has between 2 million and 2.5 Weekly inventory change: (Dec.

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Pro Builder

MAY 17, 2022

Biden Announces Housing Supply Action Plan to Boost Inventory Nationwide. Biden's most recent housing initiative seeks to overcome a decades-old supply deficit, but experts worry that not all homebuyers will benefit equally. Housing Policy + Finance. Housing Policy + Finance. Tue, 05/17/2022 - 10:35.

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Pro Builder

FEBRUARY 26, 2021

Is the Pandemic Entirely to Blame for Record-Low Housing Inventory? The same can be said for record-low housing inventory. Since the Great Recession and resulting housing bust, builders have constructed fewer homes, especially in relation to the increasing population. cbroderick. Fri, 02/26/2021 - 09:26.

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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. Housing Markets. Wed, 02/09/2022 - 10:21. New-Home Sales. New-Home Sales.

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Pro Builder

AUGUST 8, 2022

Builders Press Pause on New-Home Construction as Unsold Inventory Hits Record High. Home builders ramped up new-home construction in order to satisfy seemingly insatiable demand from buyers throughout a pandemic-driven housing boom over the last several years, but as the market cools, the number of unsold homes is climbing.

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Pro Builder

JANUARY 12, 2023

First-Time Buyers Burdened by Lack of Entry-Level Inventory. For the past two years, first-time buyers have battled a housing affordability crisis paired with a growing shortage of cost-friendly starter homes. Thu, 01/12/2023 - 11:29. Market Data + Trends. New-Home Sales. New-Home Sales.

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Pro Builder

AUGUST 9, 2022

Homebuyers Brace for Big Changes Ahead as Inventory Climbs and Sellers Slash Prices. The housing market is cooling down after years of consistent growth. metros climbed 41% in July, especially in popular cities like Phoenix, Austin, and Raleigh, where inventory rose 158.7%, 154.5%, and 137.5%, respectively. Housing Markets.

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