Existing home sales increased 2% in July as mortgage rates retreated and home price growth slowed, according to the National Association of Realtors’ Existing Home Sales Report. Month-over-month sales increased in the Northeast, South and West, while they decreased in …
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Single-family housing starts grew slightly in July as builders contine to deal with challenges with housing affordability, labor shortages and elevated construction costs. Led by multifamily construction, overall housing starts increased 5.2% in July to 1.43 million units, according to …
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The gap between new and existing home prices is narrowing, according to the National Association of Home Builders (NAHB). “Homebuilders are committed to ensuring everyone who values homeownership has the opportunity to attain a safe, affordable home,” says NAHB chairman …
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The U.S. Census Bureau and the U.S. Department of Urban Development recently released data showing positive residential construction statistics for February 2025. Privately-owned housing starts in February 2025 reached 1,501,000, measuring 11.2% above the revised January estimate of 1,350,000. Privately-owned …
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Danushka Nanayakkara-Skillington is the assistant vice president for forecasting and analysis at the National Association of Home Builders (NAHB). She oversees the activities of the forecasting and analysis section of the economics group which includes housing market analysis, industry surveys, …
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Marine Sargsyan is a staff economist at Houzz, the leading platform for home remodeling and design, including the all-in-one software solution for industry professionals. She specializes in survey and data science, providing timely insights on national and international renovation market …
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Danushka Nanayakkara-Skillington is the National Association of Home Builders‘ (NAHB) assistant vice president for forecasting and analysis. She oversees the activities of the forecasting & analysis section of the economics group which includes housing market analysis, industry surveys, developing and …
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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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