1. Newly-built home sales show positive start to the year…

    There was a 3.7 per cent rise for sales of newly-built single-family homes in January compared to a year earlier. Data from the HUD and US Census Bureau shows a seasonally-adjusted annual rate of 555,000 units. “This increase in new home sales is in line with our forecast for a steady, gradual rec…Read More

  2. Why We Need More Newly Constructed Homes

    The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Bottom Line We need more new construction for two reasons: It wil…Read More

  3. New Home Sales Race to Keep Up with Demand

    Some Highlights: Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase. The median home price decreased slightly from September’s high of $314,100 to $304,…Read More