Pro Builder
FEBRUARY 8, 2022
Remote workers and movers motivated by the pandemic are flocking to Sun Belt cities like Phoenix, where prices are peaking and inventory is declining. Sun Belt cities like Phoenix, Dallas, and Orlando attracted the majority of relocating Americans in 2021, and as a result, prices for homes and consumer goods are reaching new highs.
Pro Builder
JUNE 20, 2023
from this time last year, and cities such as Austin, Texas, and Phoenix are seeing double-digit declines, but without an increase in housing inventory, experts say home prices will remain elevated throughout the remainder of 2023. Buoyancy in the national average home prices is largely due to record-low inventory levels.
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Pro Builder
AUGUST 18, 2022
List prices are beginning to fall as active inventory spends more time on the market, meaning that those still searching for homes are finding more options and less competition. San Jose saw the largest monthly home value decline at -4.5%, followed by San Francisco (-2.8%), Phoenix (-2.8%), and Austin (-2.7%). Thu, 08/18/2022 - 10:50.
Pro Builder
JANUARY 27, 2021
There are three metros that outpaced the national and 20-city averages: Phoenix, Seattle, and San Diego. Phoenix home prices increased by 13.8% compared to November 2019. Phoenix experienced the largest price increase for the 18th consecutive month with a 13.8% Looking at the nation as a whole, home prices were 9.5%
Pro Builder
APRIL 3, 2023
Second, inventory in March was 49.5% below levels hit in March 2019. and 16.3%, respectively, from their peak. But as the housing market moves into a typically busy spring season, that correction is losing steam. Why is the home price correction—which was already absent in some Northeast and Midwest markets—losing steam?
Pro Builder
APRIL 3, 2023
Second, inventory in March was 49.5% below levels hit in March 2019. and 16.3%, respectively, from their peak, but as the housing market moves into a typically busy spring season, that correction is losing steam. Why is the home price correction—which was already absent in some Northeast and Midwest markets—losing steam?
Pro Builder
DECEMBER 15, 2021
1 home builder in terms of building permits and construction value and reaching the milestone, in 2019, of 20,000 homes sold (right). Builders that are laser-focused on one or two master planned communities already in the works, he says, typically neglect backfilling their land inventory fast enough. Photos: courtesy Ivory Homes.
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