Home sales, construction thriving despite chaos of 2020

Home sales, construction thriving despite chaos of 2020 Despite the economy’s challenges due to the pandemic, new home construction and existing home sales have soared, particularly in areas like the upper Midwest… Read More West Central Tribune https://www.wctrib.com/newsmd/coronavirus/6815418-Home-sales-construction-thriving-despite-chaos-of-2020

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US Affordable Housing Vacancy Stabilizes in Q3

US Affordable Housing Vacancy Stabilizes in Q3 According to a report from Moody’s Analytics REIS, the affordable housing vacancy rate has remained stable throughout the year 2020, partly due to new construction… Read More Globe St https://www.globest.com/2020/12/28/us-affordable-housing-vacancy-stabilizes-in-q3/

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Three Predictions For The Rental And Housing Market In 2021

Three Predictions For The Rental And Housing Market In 2021 The CEO of Rentec Direct, a property management software for real estate professionals, provides insight on what the 2021 housing and rental market will look like… Read More Forbes https://www.forbes.com/sites/forbesrealestatecouncil/2021/12/28/three-predictions-for-the-rental-and-housing-market-in-2021/?sh=1ebdc63b7138

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12/29: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY FHFA:  House prices rose 1.5 percent in October and 10.2 percent year-on-year House prices rose nationwide in October, up 1.5 percent from the previous month, and were up 10.2 percent from October 2019 to October 2020.  For the nine census divisions, seasonally adjusted monthly house price changes from September 2020 to October 2020 ranged from +0.9 percent in the West North Central and East South Central divisions to +2.1 percent in the New England division. The 12-month changes ranged from +8.4 percent in the…

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These U.S. real estate markets are poised for a post-pandemic boom

These U.S. real estate markets are poised for a post-pandemic boom According to Zonda, as Americans begin to receive the first doses of COVID-19 vaccines, the housing market is expected to have a post-pandemic boom backed up by strong demographics… Read More Market Watch https://www.marketwatch.com/story/these-u-s-real-estate-markets-are-poised-for-a-post-pandemic-boom-11608578024

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Housing Market Trends to Watch in 2021

Housing Market Trends to Watch in 2021 In the coming year, we can expect to see housing inventory open up which will become appealing to homebuyers… Read More Motley Fool https://www.fool.com/mortgages/2020/12/22/3-housing-market-trends-to-watch-in-2021/

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Existing Home Sales Are Still Too Hot

Existing Home Sales Are Still Too Hot The past three months have shown more than 20% growth in homes sales; existing sales and housing data will ultimately moderate to more of a normal trend…. Read More Housing Wire https://www.housingwire.com/articles/existing-home-sales-are-still-too-hot/

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12/24: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   November new home sales fall 11.0 percent, but still up 20.8 percent year-on-year Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000. This is 11.0 percent below the revised October rate of 945,000, but is 20.8 percent above the November 2019 estimate of 696,000.  The seasonally-adjusted estimate of new houses for sale at the end of November was 286,000. This represents a supply of 4.1 months at the current sales rate, up from 3.6 months…

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Modular Architecture Is Back. Is It Better?

Modular Architecture Is Back. Is It Better? Discover the three factors that are driving renewed interest and invention in prefabrication and the factory construction of buildings and building products… Read More Architect Magazine https://www.architectmagazine.com/technology/modular-architecture-is-back-is-it-better_o

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