Online Homebuying to Keep Growing, Builders Say

Online Homebuying to Keep Growing, Builders Say Sheryl Palmer, CEO of homebuilder Taylor Morrison is among those saying consumers are responding well to online homebuying tools… Read More Bloomberg https://www.bloomberg.com/news/audio/2021-07-21/online-homebuying-to-keep-growing-builders-say-podcast

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U.S. housing market floats back to earth

U.S. housing market floats back to earth Recent data shows the sector is returning from the stratosphere and coming back to pre-COVID levels, as evidenced by a slew of data released this week… Read More Reuters https://www.reuters.com/article/us-stocks-housing/graphic-u-s-housing-market-floats-back-to-earth-idUSL1N2OY12T

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If the housing market is so hot, why are homebuilders feeling down?

If the housing market is so hot, why are homebuilders feeling down? NAHB’s Jerry Howard shares how homebuilders are happy to see enthusiastic demand from buyers, but higher construction costs, labor and materials shortages, and fewer buildable lots are starting to chip away at confidence… Read More Yahoo! Finance https://finance.yahoo.com/news/if-the-housing-market-is-so-hot-why-are-homebuilders-feeling-down-122832246.html

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Existing Home Sales Stabilizing in June

Existing Home Sales Stabilizing in June After four months of declines, existing home sales stabilized in June as housing inventory modestly improved, according to the National Association of Realtors (NAR)… Read More Eye On Housing https://eyeonhousing.org/2021/07/existing-home-sales-stabilizing-in-june/

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7/23: EconUpdate by P. Duffy

EconUpdate by P. Duffy Existing home sales rise 1.4 percent in June and 22.9 percent year-on-year  Existing-home sales increased in June, snapping four consecutive months of declines, and rose 1.4% from May and 22.9% year-on-year.  The inventory of unsold homes increased 3.3% to 1.25 million from May to June – equivalent to 2.6 months of the monthly sales pace.  The median existing-home sales price rose at a year-over-year pace of 23.4%, the second highest level recorded since January 1999. Homes on the market typically sold in 17 days. https://www.nar.realtor/newsroom/existing-home-sales-expand-1-4-in-june  …

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