Housing Starts Down 0.5% – Single-Family 4.1%The Nov. number of multifamily units under construction was its highest since December 1973, even as the number of single-family starts dropped six months in row. …continue
Housing Starts Down 0.5% – Single-Family 4.1%The Nov. number of multifamily units under construction was its highest since December 1973, even as the number of single-family starts dropped six months in row. …continue
80% of Metros See Double-Digit Price Gains in 2QNAR: Median home prices in the second quarter were up 14.2%, but Fla. saw bigger gains. Of the top 10 U.S. metros for home-price increases, Fla. had 7 ranking cities.
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NAR’s Yun: Any Economic Downturn Likely MildThe chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown. …continue
NAR: March Existing Home Sales Slip 2.7%Year-to-year, total U.S. home sales fell 4.5%. NAR’s chief economist says sharply rising mortgage rates and higher inflation is beginning to impact the market. …continue
Feb. New-Housing Starts Surpass ExpectationsA disappointing dip in Jan. new-home starts was followed by a surprise surge in Feb. Economists expected about 3.2% growth but starts rose by 6.8%. …continue