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Despite a Lack of New Listings, Home Sellers Still Have the Upper Hand

Pro Builder

Last year's mortgage rate spike saw homes sit on the market longer as days on market increased, which allowed inventory to pile up even as fewer homes came up for sale. inventory) in April 2023 was 50.3% below levels seen in April 2019. As a result, just 392,016 U.S. However, we're still very far from a national buyers' market.

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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Rebounding construction could lead to supply constraints as well as exacerbate an existing shortage of skilled labor, construction materials, and ready-to-build lots, though long-term inventory growth is necessary to resolve an ever-widening housing affordability crisis. . Planning + Development. New-Construction Projects.

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Rising Mortgage Rates Push Home Purchases Out of Reach for Growing Share of Buyers

Pro Builder

Rising mortgage rates and home prices are forcing many prospective buyers to back out of their purchasing plans, but those who can still afford homes are finding less competition in a more balanced market. year-over-year growth recorded in June 2019. Annual home value appreciation cooled to 19.8% in June from a record high of 20.9%

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Consumers Are More Optimistic About Homebuying

Pro Builder

While new listings are coming on the market, the total inventory of homes for sale at the end of May was 19% lower than May 2019, according to the National Association of Realtors. Home sales jumped dramatically in May, after grinding to a halt in March and April. Economics.

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Survey Finds 67% of Americans Have Some Buyer's Remorse

Pro Builder

Buyers should consider forming a game plan when that dream home does hit the market. . The number of homes on the market has fallen by about 55% from September 2019, when it last peaked, according to residential listing data from Realtor.com. million from 2017 through the end of 2019. Read More. . Market Data + Trends.

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How Covid-19 Will Impact the Global Construction Industry?

Constructonomics

In 2019, about 20% of private worker fatalities were in construction. The pandemic will also drive safety administrators to incorporate training and upgrading of their safety programs and plans to manage any further pandemic or outbreak. Let’s find out how and what changes should we expect for 2021: Safer Construction Sites.

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Implementing an ‘asset drawdown strategy’ for site decarbonization

BD+C

Implementing an ‘asset drawdown strategy’ for site decarbonization Solidifying a decarbonization plan via an “asset drawdown strategy” that carefully considers both capital and operating costs represents a game-changing opportunity for existing properties to compete with new projects. Illinois electricity generation by sources, January 2023.

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