Pro Builder

MAY 24, 2023

New-home sales rose 4.1% Though new-home inventory remains historically low, builders are currently constructing new homes at the highest level since March 2022, and experts say that increased activity could be key to lowering home prices in 2023 and beyond.

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Inventory Housing Industrial Construction 98

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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Inventory Alabama NAHB Banking 98

Pro Builder

MAY 8, 2023

homes were listed for sale in April 2023, well below the 497,844 listed in April 2022, a homebuying period notorious for its tight supply, Fortune reports. But that hesitation from would-be sellers isn’t just affecting the supply side of the for-sale market. homes go up for sale (i.e. more homes available for sale (i.e. "new

Inventory 98

Inventory Housing Plans 98

Pro Builder

JUNE 22, 2023

Existing-home sales were essentially flat from April to May, rising by just 0.2% While new construction saw a bit more activity in May, total supply remains low across all facets of the for-sale market, driving up competition and sustaining high home prices even during a lethargic period of homebuying. million units.

Inventory 98

Inventory Construction Sustainability 98

Pro Builder

MAY 3, 2023

Home Prices Are Rising as the Spring Market Becomes More Competitive ldeakins Wed, 05/03/2023 - 11:17 Fewer homeowners are opting to sell in a market characterized by soaring interest rates. Elevated borrowing costs are keeping would-be sellers at bay, and as a result, buyers are confronting a lack of new listings.

Inventory 97

Inventory Housing 97

Pro Builder

FEBRUARY 6, 2023

Fixer-uppers in less desirable markets are spending the most time on the market before undergoing price reductions, but new turnkey homes are still selling at a lightning fast pace, Realtor.com reports. Read more New-Home Sales Market Data + Trends New-Home Sales

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Housing Austin Inventory Bidding 98

Pro Builder

JANUARY 30, 2023

Up, Up, and Away—the Housing Market Gains Momentum at the Start of 2023 ldeakins Mon, 01/30/2023 - 10:41 As home sales increase and mortgage rates slowly decline, housing experts say the market is gaining steam in 2023 After six consecutive months of declines, pending home sales rose 2.5%

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Housing Finance Contract 98

Pro Builder

OCTOBER 18, 2022

Good News for Home Builders: Market Activity Expected to Pick Back Up After Slowdown. Buyer demand is falling and home sales are slowing across the U.S., When the Fed took their foot off the brake in 1982, new home sales recovered fairly quickly (blue). Market Data + Trends. New-Home Sales.

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News Housing 98

Pro Builder

MAY 22, 2023

As a result, average single-family home size trended higher in 2021, but as interest rates and inflation make home purchases and renovations more expensive, that trend is reversing, the National Association of Home Builders' Eye on Housing reports. Home size declined between 2016 and 2020 as more starter homes were developed.

NAHB 98

NAHB Renovating Housing Residential 98

Pro Builder

AUGUST 8, 2022

Builders Press Pause on New-Home Construction as Unsold Inventory Hits Record High. Home builders doubled down on residential construction projects to turn a higher profit throughout the COVID-19 pandemic, but as buyer demand wavers, prices are falling in an oversupplied market. New-Home Sales.

Inventory 98

Inventory Construction Housing Profitability 98

Pro Builder

NOVEMBER 7, 2022

As the Housing Market Calms, Another Storm Is Brewing, as a New Generation of Homebuyers Demand Change. Younger homebuyers are entering the market, causing builders to shift from homes that met older generations’ needs to match new buyers’ wants. New-Home Sales. Housing Markets.

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Housing Electrical Green Products 97

Pro Builder

JULY 1, 2022

Homebuilders Keep a Steady Pace as the Market Cools. As mortgage rates quell heated competition and elevated buyer demand for existing homes, builders are finding ways to offer affordability to a more budget-conscious consumer base. The housing market is cooling, asking prices are dropping, and inventory is on the rise across the U.S.,

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Income Budgeting Budget Inventory 105

Pro Builder

FEBRUARY 22, 2023

The typical home value fell just 0.1% Unfortunately, overall home prices are still increasing, though slowly, and mortgage rates ticked up in the last month while inventories remain low. Unfortunately, overall home prices are still increasing, though slowly, and mortgage rates ticked up in the last month while inventories remain low.

Inventory 98

Inventory Union Housing 98

Pro Builder

JULY 22, 2022

The New Home Trends Institute Releases New Insights Report. The New Home Trends Institute recently released its July 2022 Survey Insights Report, outlining changing homebuyer expectations, the reallocation of indoor and outdoor spaces, and how floorplan design continues to react to new consumer demands.

Housing 125

Housing Consulting Architecture Design 125

Pro Builder

JANUARY 6, 2023

Though new homes cost more upfront and take an average of 6.5 months to complete, spec homes offer a faster alternative for buyers looking to move in quickly, and a newly completed home requires less maintenance than an existing home, saving homeowners money down the line, Realtor.com reports.

Housing 98

Housing Inventory Construction 98

Pro Builder

DECEMBER 5, 2022

Home Prices Are Plummeting in These 49 Regional Markets. Pressurized affordability from elevated home prices paired with fast-rising mortgage rates is propelling a nationwide housing correction, and these markets are among the first to see big changes. In markets like Morristown, Tenn. Housing Markets.

New York 98

New York Housing Chicago Materials 98

Pro Builder

FEBRUARY 27, 2023

Total inventory of completed for-sale homes is more than double the record low of 32,000 reached in 2021 and early 2022, while the inventory of homes under construction remains high at 280,000. The inventory of new homes under construction is at 5.0 months from 8.7 There are 1.2 months of completed supply. And about 1.6

Inventory 98

Inventory Housing Construction 98

Pro Builder

OCTOBER 27, 2022

Demand for New-Home Construction on the Rise as Existing Supply Dwindles. As the supply of existing homes for sale hits a plateau, buyers are instead taking a look at a rising share of newly constructed homes . New-Construction Projects. New-Home Sales. New-Construction Projects.

Inventory 98

Inventory NAHB Construction Housing 98

Pro Builder

DECEMBER 23, 2022

America’s Hottest Housing Markets Are Actually Some of Its Coldest. housing markets aren't located in warm, sunny climates. For the sixth month in a row, America’s hottest housing markets are actually some of its coldest. Nabbing second on the list was Rochester, NY, where the typical home sold was just $226,000 in November.

Housing 89

Housing New Hampshire Bargains Connecticut 89

Pro Builder

MARCH 20, 2023

Still, home builder confidence is on the rise. Single-family home construction posted a modest 1.1% gain in February on a seasonally adjusted annual basis with just 830,000 single-family units started, but the pace of new construction could soon accelerate, the National Association of Realtors reports.

Inventory 96

Inventory NAHB Banking Housing 96

Pro Builder

JUNE 7, 2023

Inflation was cited as the chief concern among 51% of buyers hoping to purchase within the next year, followed by 48% of buyers deterred by rising interest rates, and 46% who said rising home prices are their biggest obstacle. Roughly 10% of respondents said there would be no rate low enough to bring them back into the market.

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US Housing Plans 98

Pro Builder

MARCH 30, 2023

Pending Home Sales Are Slowing, but Experts Say the Market Is Turning a Corner ldeakins Thu, 03/30/2023 - 10:53 Home sales are falling amid mortgage rate volatility, but despite the slowdown, buyers are gradually mounting a market comeback Pending home sales rose for the third consecutive month in February, but a 0.8%

Contract 98

Contract Inventory Housing Finance 98

Pro Builder

JANUARY 26, 2023

Uptick in Pending Home Sales Signals Rebounding Buyer Demand at the Start of 2023 ldeakins Thu, 01/26/2023 - 10:47 Pending home sales are rising for the first time in 14 months as a market correction creates new opportunities for priced-out buyers Pending home sales rose 2.9%

Travel 97

Travel Bidding Housing 97

Pro Builder

APRIL 12, 2023

Has the Housing Market Bottomed Out? Prices Rise for First Time in 7 Months ldeakins Wed, 04/12/2023 - 11:40 After months of price corrections in the nation's most popular housing markets, U.S. rise in home prices from January to February and a 4.4% home prices. rise in home prices from January to February and a 4.4%

Housing 98

Housing Banking New York Inventory 98

Pro Builder

APRIL 11, 2023

New listings fell 21.8% New listings fell 21.8% With fewer homes to choose from, buyers are taking a much faster approach to home purchases. The lack of homes hitting the market explains why the market is moving fast even though sales are still down. Read more Housing Markets Sales Housing Markets

Inventory 98

Inventory Housing Budgeting Budget 98

Pro Builder

APRIL 18, 2022

March Home Sales Dropped 4% as Housing Costs Rose to New Highs. Buyers flooding the spring housing market are backtracking as prices climb to record highs. The spring housing market is off to yet another record-breaking start after March homes sold well above list prices and at their fastest pace ever, according to Redfin.

Housing 97

Housing Inventory Contract Construction 97

Pro Builder

JUNE 20, 2023

The Fed Just Paused Interest Rate Hikes—What Does That Mean for Home Prices? ldeakins Tue, 06/20/2023 - 10:44 The Federal Reserve paused interest rate hikes for the first time in nearly a year last week, but experts say one key factor is still sustaining high home prices After 10 consecutive rate hikes, the Federal Reserve gave the U.S.

Inventory 98

Inventory Phoenix Austin Housing 98

Pro Builder

AUGUST 8, 2022

Falling Mortgage Rates Are Motivating Some Buyers to Forge Ahead With Home Searches. Buyers formerly priced-out by elevated interest rates are continuing their home searches as borrowing costs drop to a four-month low. So far this rebound has not moved through to actual home sales. New-Home Sales. Purchasing.

Inventory 98

Inventory Deals Housing 98

Pro Builder

FEBRUARY 14, 2023

Though a spring thaw has builders and buyers optimistic for a more active market in 2023, experts warn that a lack of for-sale inventory could keep prices high even in the midst of a widening market correction. Much of the problem lies with homeowners who would typically trade up into a larger home or downsize into a smaller one.

Inventory 98

Inventory Seattle Housing Sustainability 98

Pro Builder

JULY 20, 2022

Home Builder Confidence Drops to Two-Year Low as New Construction Projects Slow. The pace of new residential construction is slowing nationwide as buyer demand falters amid fast-rising inflation . Market Data + Trends. New-Construction Projects. New-Construction Projects. Wed, 07/20/2022 - 10:42.

NAHB 98

NAHB Construction Residential Finance 98

Pro Builder

MAY 9, 2023

Building on Existing Technology, What's Next for the Smart Home? ibush Tue, 05/09/2023 - 17:15 Having built a substantial foundation of existing home technology solutions, market dynamics continue to drive the smart home market forward seeking a more seamless experience With U.S.

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Forecasting Mobility Foundation Security 84

Pro Builder

SEPTEMBER 7, 2022

1 in 5 Sellers Are Dropping Their Asking Prices as Homes Spend More Time on the Market. For the first time in over 17 months, the average home sold for less than its list price during the four-week period ending August 28, according to CNBC. New-Home Sales. Market Data + Trends. New-Home Sales.

Bidding 98

Bidding Contract 98

Pro Builder

APRIL 3, 2023

Home Prices Rose in February for the First Time in 7 Months ldeakins Mon, 04/03/2023 - 11:34 A slight dip in mortgage rates led to stronger homebuying activity at the start of 2023, and that elevated demand is sending home prices higher After months of steady declines, home prices jumped in February, posting a 0.16% gain, according to CNBC.

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Pro Builder

FEBRUARY 21, 2023

Housing Affordability Is Improving, but Buyers Still Face Scarcity of New Listings ldeakins Tue, 02/21/2023 - 09:33 Home prices may have reached a tipping point across the U.S., but buyers are still struggling to make purchases amid a shortage of new for-sale listings Home values across the U.S. were still still 6.2%

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Housing San Francisco 98

Pro Builder

MARCH 8, 2023

housing market needs to add approximately 6.5 million single-family homes to keep up with the breakneck pace of household formation After more than a decade of underbuilding relative to population growth, the gap between single-family home production and household formation grew to 6.5 million single-family homes and 4.2

Products 98

Products Housing Construction 98

Pro Builder

DECEMBER 23, 2022

Anewgo helps home builders carry out their shopping journeys online with interactive digital content, data analytics, and sales conversion tools. Anya is a host of Anewgo of New Home Sales—a weekly podcast where she discusses the hottest innovative sales and marketing technologies for the home building industry.

NAHB 98

NAHB Innovation Industrial Office 98

Pro Builder

APRIL 20, 2023

Prices for entry-level homes are up 8% year-over-year nationally, Zillow reports, with some metros such as Tampa, Fla., In contrast, home values in the top tier fell by 1% for the first time since 2012. For some buyers, this means that they are unable to enter the market at all. Richmond, Va., and Charlotte, N.C.,

Tampa 97

Tampa Charlotte Metro Housing 97