New home sales hit hard by COVID-19

Sales of new homes were going strong in 2020 until the coronavirus began disrupting economic activity in the country. As a result, sales of new-built single family homes fell by 15.4% in March compared to one year ago, to just 627,000 units, according to data released Thursday from the U.S. Census Bureau and Department of

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New homes are smaller and have fewer bedrooms

New home contractors are building homes with fewer bedrooms than previously in order to cater to the demand for smaller, more affordable properties. According to the U.S. Census Bureau’s latest survey of construction firms, the number of bedrooms in the average newly constructed home in the country is falling. The amount of new single-family homes

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Evolving News on the Single-Family Rental Market

Good news for rental investors but bad news for all of the people needing inexpensive housing. It’s well established that purchasing a starter home remains out of reach for many people. The news isn’t much better for tenants in the single-family rental market that has been experiencing dramatically low vacancy rates for a decade that

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New home starts fall for 3rd successive month

New construction of single-family homes saw an uptick, but a decline in multifamily production for apartments and condos meant an overall decrease of 4% in housing starts last month, according to new data from the Commerce Department. Single-family home starts rose 1.3% to 876,000 units in July, with the largest increase seen in the South.

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New home construction is up, but economists say it’s not enough

There was a slight uptick in new home starts last month, but experts say the increase is still not nearly close enough to keep up with demand or help to keep a lid on growing house prices. According to the Commerce Department’s latest report out last week, total housing starts for single-family and multifamily homes

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Home construction decline means 6 million homes are “missing” from U.S. markets

The alarming shortage of housing inventory can be blamed on a downtrend in new home construction that began in the wake of the Great Recession last decade, according to a new Zillow analysis.

A lack of workers means builders can’t keep up with new home demand

Builders have addressed their inability to keep up with demand for new homes, saying there simply aren’t enough workers to build them.

New home sales decline for third successive month

New single-family home sales in the U.S. declined for the third successive month in February, due to big declines in the Midwest and West regions of the country.

Central Texas housing market starts with strong with gains in home sales volume

strong gains throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in January,

Hooray, more single-family homes on the way

Home builders have answered the call to provide more single-family homes in the last month, with production rising by 8.1 percent to a seasonally adjusted annual rate of 783,000 units

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