New-Home Sales Take Off

March new-home sales took off, up 4 percent to 694,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $369,900, while the median was $337,200. New-home listing inventory was 301,000—5.2-months supply. “The March new-home sales report is consistent with our solid builder confidence […]

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Housing Starts Overall Upsurge, While Single-Family Wanes

Home-building in March picked up, with housing starts on a 1.9 percent surge and totaling 1.32 million, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family starts waned, down 3.7 percent to 867,000. Multifamily starts (five units or more) came in at 439,000. “The modest decline in single-family […]

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February New-Home Sales Slog

New-home sales again slogged in February, with sales of new, single-family homes down 0.6 percent to 618,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $376,700, while the median was $326,800. New-home listing inventory was 305,000—5.9-months supply. “New-home sales are at a […]

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Why millennials don’t have to define the success of your real estate business

Before taking my current position, I spent my nights and weekends teaching pre-licensing class to aspiring real estate agents. It always struck me as noteworthy how many in my classes were not fresh out of high school or even college …

Housing Starts Soften

February’s home-building receded, with housing starts softening 7 percent and totaling 1.24 million, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Notably, single-family starts increased 2.9 percent to 902,000. Multifamily starts (five units or more) came in at 317,000. The decline is a departure […]

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New-Home Sales Skid in January

New-home sales skidded in January, with sales of new, single-family homes down 7.8 percent to 593,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $382,700, while the median was $323,000. New-home listing inventory was 301,000—6.1-months supply. “The moderation in new-home sales may […]

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Housing Starts Blow by Expectations

Home-building activity blew by expectations in January, with housing starts up 9.7 percent to a rate of 1,326,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts increased 3.7 percent to 846,000. Starts for units in buildings with five units or more […]

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New-Home Sales Sink in December

New-home sales sank in December, with sales of new, single-family homes down 9.3 percent to 625,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $398,900, while the median was $335,400. New-home listing inventory was 295,000—5.7-months supply. “December’s drop in new-home sales was […]

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Housing Starts Trip Up

But Could ‘Easily’ Exceed 1.3 Million This Year Home-building activity stumbled in December, with housing starts down 8.2 percent to a rate of 1,192,000, according to the latest data from U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 11.8 percent to 836,000. Starts for units in buildings […]

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Housing Starts Rise in Surprise November

Home-building activity rose in a surprise November, with housing starts up 3.3 percent to a rate of 1,297,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts increased 5.3 percent to 930,000. Starts for units in buildings with five units or more […]

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