article thumbnail

Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. 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. .

article thumbnail

Zillow’s Year-End Sales and Home Value Forecast

Pro Builder

Zillow’s Year-End Sales and Home Value Forecast. Zillow is forecasting stronger growth in home sales through the end of the year while the rate of home value appreciation will be slower. Zillow is forecasting stronger growth in home sales through the end of the year while the rate of home value appreciation will be slower.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Weekly New Listings, Pending Sales Spike, While Inventory Remains Tight

Pro Builder

Weekly New Listings, Pending Sales Spike, While Inventory Remains Tight. Fri, 05/29/2020 - 09:54. Buyers and sellers are returning to market as states reopen and public health policies gain clarity, and though inventory remains sparse, the housing market is looking better than it has in months. percent drop to a 1.8

article thumbnail

Will Home Prices Drop in 2020?

Pro Builder

Will Home Prices Drop in 2020? Thu, 06/04/2020 - 10:13. Low inventory and interest rates are keeping housing prices stable through 2020, but by next April, nine years of annual home prices gains may end, according to a report by CoreLogic. The real estate data company projects that prices will decline 1.3

article thumbnail

What Can Buyers Expect from the Remainder of 2020?

Pro Builder

What Can Buyers Expect from the Remainder of 2020? Wed, 09/16/2020 - 09:47. Tri Nguyen, founder and CEO of Network Capital Funding Corporation, forecasts possible changes to lending regulations, more attraction to affordable locales, and a reemergence of housing inventory. A Steady Re-Emergence Of Housing Inventory.

article thumbnail

September Reports Increased Home Sales

Pro Builder

The September home sales rate exceeded the consensus forecast after a drop in completed transactions for the month of August, Bill McBride reports in his CalculatedRisk Newsletter. million in September 2020).”. Total housing inventory at the end of September amounted to 1.27 Unsold inventory sits at a 2.4-month

article thumbnail

2020 Housing Giants Report: The Magnificent Middle

Pro Builder

2020 Housing Giants Report: The Magnificent Middle. Wed, 06/03/2020 - 13:00. 2020 Housing Giants Ranked. Offering a mix of starter and first- and second-move-up product priced from the $380,000s to $800,000s, most of it presold, the company made plans to expand into nearby Yolo County in 2020. Then there’s No.

Housing 86