article thumbnail

Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale

Pro Builder

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.,

article thumbnail

Active Inventory Is on the Rise in These US Metros, but New Listings Are Slowing

Pro Builder

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. New listings were down 17.8% year-over-year in Denver and 24.2% in Las Vegas.

professionals

Sign Up for our Newsletter

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

article thumbnail

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs

Pro Builder

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs. Robert Dietz, the chief economist at NAHB says that the US government will need to work with the construction industry to boost the affordable housing supply. . Mon, 08/15/2022 - 10:43.

article thumbnail

These US Housing Markets Are Seeing the Biggest Monthly Price Gains

Pro Builder

Additionally, some house price decreases, coupled with inventory remaining tight, has helped to stabilize the housing market in many parts of the country. The average 30-year fixed mortgage rate came down a bit, from 7.37% in early November to 6.50% as of Friday, just as we entered the seasonal spring period when housing demand increases.

Housing 72
article thumbnail

Will the US Fill Its Shortage of Affordable Homes?

Pro Builder

Will the US Fill Its Shortage of Affordable Homes?

US 86
article thumbnail

Join Us at the AHR Expo Next Week

Viewpoint Construction Technology

Why visit with us at AHR? Service Tech provides technicians with easy-to-use tools to manage work orders, track parts and inventory, assign and update labor, collect electronic signatures, review and create notes on work orders, upload jobsite photos and forms, and more—all from the field on your mobile device.

US 130
article thumbnail

First-Time Homebuyers Are Facing One of the Least Affordable Markets in US History

Pro Builder

He expects mortgage rates to fall back into the 5% range as tight inventory eases up, but when exactly that happens will depend on how the central bank opts to adjust policy over the coming months. history, according to data from the Mortgage Bankers Association (MBA). Read more Market Data + Trends Affordability Affordability

US 52