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Homebuying Activity Returns as Inventory Increases

Pro Builder

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% Phoenix issued the third highest number of permits at just over 36,000.

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Sun Belt Metros Lead the U.S. in Home Building

Pro Builder

Sun Belt Metros Lead the U.S. Sun Belt metros are leading a resurgence in homebuilding as prices soar and inventory declines amid elevated demand from migrating buyers. single-family building permits per 10,000 people, the most per capita of any major U.S. metro, Redfin reports. metro, Redfin reports.

Metro 97
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The Best Metros for Homebuyers and Home Builders

Pro Builder

The Best Metros for Homebuyers and Home Builders. Housing inventory has fallen continuously during the past nine years while buyer demand has only risen, says the National Association of Realtors (NAR). These markets are also prime opportunities for home builders because the increase in inventory remains lower than demand.

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10 Cities That Will Dominate Home Construction in 2021

Pro Builder

The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory. Amid soaring home prices and crazy bidding wars, builders trying to put a dent in the insatiable demand for housing have applied for 14% more permits so far this year compared with the same 2020 period, per the U.S.

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7 key predictions for the 2024 multifamily rental housing market

BD+C

At the metro level, Austin saw the nation’s sharpest rent decline over the past 12 months (-6%), likely owing largely to new supply – the area has permitted the most new housing units per capita among large metros in recent years. 2 – Expect low single-digit rent growth in 2024.

Housing 59
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2021 Housing Giants Report: An Unforgettable Forgettable Year

Pro Builder

Or maybe one that saw a giant, accelerated leap forward in the use of technology to market and sell homes and adjust to remote working in their own operations and those of suppliers, building inspectors, and permit offices, not to mention homebuyers. Permits were at a seasonally adjusted annual rate (SAAR) of 1.55 a global pandemic.

Housing 105
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7 key predictions for the 2024 multifamily rental housing market

BD+C

At the metro level, Austin saw the nation’s sharpest rent decline over the past 12 months (-6%), likely owing largely to new supply – the area has permitted the most new housing units per capita among large metros in recent years. 2 – Expect low single-digit rent growth in 2024.

Housing 52