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

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

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

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

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

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

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

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

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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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

NOVEMBER 1, 2021

Buyers Lower Expectations After Third Straight Quarter of Low Housing Inventory. 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. Mon, 11/01/2021 - 10:03.

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Pro Builder

AUGUST 15, 2022

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs. The mid-pandemic housing boom is tapering off as inflation and elevated interest rates make homeownership increasingly unaffordable for a growing number of Americans, but despite softening demand, home prices are still on the rise.

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Pro Builder

JANUARY 21, 2022

Existing-Home Sales Dropped in December as Inventory Reached Record Low. million as inventory fell to an all-time low of 910,000 units in December. Housing Markets. Fri, 01/21/2022 - 10:28. December sales fell on both a month-over-month and a year-over-year basis, though overall sales for 2021 finished strong. New-Home Sales.

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Pro Builder

FEBRUARY 3, 2023

Inventory is expected to increase 17% nationwide in 2023, but the number of homes available for sale is expected to decline in half of the largest 100 markets, Forbes reports. Read more Housing Markets New-Home Sales Housing Markets Louis and New Orleans.

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Pro Builder

MARCH 9, 2023

posted the strongest annual inventory gains of 208.2%, 231.6%, and 191.2%, respectively. Though active inventory is rising at a steady pace, new listings are falling in those same metros thanks to cooler demand from local buyers. Read more Housing Markets New-Construction Projects Housing Markets

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Pro Builder

OCTOBER 2, 2020

Housing Inventory Continues to Dwindle As Prices Advance. Homes on the market lag far behind last year's available inventory. cbroderick. Fri, 10/02/2020 - 09:47. In a normal world, buyer demand would have most likely eased up in October, but it does not appear to be headed that way.

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Pro Builder

DECEMBER 1, 2022

Is the Housing Market Becoming More Buyer-Friendly? Home prices are moderating and buyers are regaining bargaining power in a market correction, but a lingering affordability crisis is keeping some house hunters glued to the sidelines. Thu, 12/01/2022 - 10:30. The latest S&P CoreLogic Case-Shiller U.S. 20-city price index revealed a 1.2%

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Pro Builder

JANUARY 12, 2023

Housing Market Shows First Signs of Normalizing in 2023—Here’s What That Means for Homebuyers. Sidelined buyers who have been waiting for price reductions and a boost in for-sale inventory may find opportunities for homeownership in 2023. saw the biggest increase in active inventory, up 226.2% Thu, 01/12/2023 - 11:45.

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Pro Builder

FEBRUARY 2, 2021

Despite Low Inventory, Buyers are Positive About Housing Availability. 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. cbroderick.

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Pro Builder

JANUARY 3, 2023

As demand skyrocketed while housing supply remained historically low, home prices soared to an all-time high of $430,365 in May, and median rent prices also reached a record high of $2,053 in August. As mortgage rates rose alongside inflation, more buyers decided to stay put, allowing inventory to increase.

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Pro Builder

JULY 29, 2022

Can Rising Mortgage Rates and Waning Competition Counterbalance Housing Affordability? The Fed’s inflation control strategy is proving to be a double-edged sword for priced out buyers who have struggled to find affordable homes in their respective housing markets over the last several years. We’re seeing inventory up.

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AUGUST 23, 2022

What a Housing Recession Means for Buyers and Sellers. At the start of the year, the housing market showed no signs of slowing after two years of persistent price hikes and steady demand, but halfway through 2022, experts say that homebuying boom is giving way to a housing recession. Tue, 08/23/2022 - 10:27.

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