With rising mortgage rates approaching 7% and high construction costs, new home sales dropped by double digits in September. The National Association of Home Builders (NAHB) reported that sales of newly built, single-family homes fell 10.9% in September, according to …
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Pending Home Sales Rise 8% in May
New data from the National Association of Realtors® (NAR) shows pending home sales jumped 8 percent in May, up more than 13 percent from the same period in 2020. The association monitors home sales trends in four U.S. regions, all …
Read More »Existing Home Sales, Housing Starts Fall
New data shows the rate of existing home sales in the U.S. has fallen for the third consecutive month after reaching a record high in October. Additionally, April housing starts have also fallen since March. In total, existing home sales …
Read More »New Data Projects Home Improvement Momentum
The DIY momentum seen in 2020 may have staying power in 2021, according to new market data exploring the home improvement market size, existing home sales and overall recent home improvement retail sales. DIY Market Expands More home improvement shoppers …
Read More »Existing Home Sales Rise 9.4% in September
Existing home sales rose 9.4 percent in September over August levels, reports the National Association of Realtors (NAR). The rise in September sales marks the fourth consecutive month of existing home sales growth. In total, 6.5 million existing homes were …
Read More »Pending Home Sales Show 44% Rebound in May
Pending home sales in the U.S. made a sharp rebound in May after declines in March and April, a possible sign of real estate and home construction stability after volatile weeks of COVID-19 disruption. The National Association of Realtors (NAR) …
Read More »Who Is Buying Homes for Multiple Generations?
Members of generation X are now the most likely group to buy a home to house multiple generations of their families. According to recent research from the National Association of Realtors, about 17 percent of gen Xers (born between 1965 …
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