Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800
Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7%, to 6.8M
Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5% from the revised July rate, according to the US Census Bureau
Thanks to a partnership with Builders Digital Experience, homeowners can request an Opendoor cash offer through new home search platform NewHomeSource.com
Projected growth in new home sales wouldn't offset expected drop in existing home sales
Prices under $200K have nearly disappeared from the market for newly constructed homes, according to new data
Builder backlog, ongoing listings shortages and rising home prices prompt Fannie Mae economists to cut forecast for 2021 home sales
Fannie Mae economists warn rising rents and record home price appreciation could help fuel inflation
New home sales are still up 9.2% year over year but have been falling since March, likely as a result of high home prices due to the rising cost of construction materials like lumber
As listing shortages and supply constraints on homebuilders drive up prices, risk of inflation grows, economists with Fannie Mae's Economic and Strategic Research Group said
HomesUSA.com says that Caballero sold 6,438 homes worth more than $2.46 billion in 2020 — 637 more homes than his second Guinness World Record
The decline follows a record month for new home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up
The battle between supply and demand has hit the lumber industry hard, as mills struggle to keep up with demand and homebuilders push the costs to buyers
February's seasonally adjusted annual rate of 775,000 was down 18.2% from January's revised rate of 948,000