2001 Buyers Construction Inventory 
Housing Wire
APRIL 2, 2021
Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Labor Department.
Housing Wire
AUGUST 3, 2021
Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. Home prices increased 2.3%
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Housing Wire
NOVEMBER 30, 2023
Pending home sales in October fell to their lowest level since 2001. Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% down from 72.6 in September. New home sales fell 5.6%
Housing Wire
APRIL 29, 2021
The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.
Housing Wire
JANUARY 26, 2024
For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. year over year.
Housing Wire
JUNE 29, 2023
An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory continues to prevent housing demand from being fully realized.” Yun, however, is optimistic about the impact increased housing starts and homebuilder confidence will eventually have on housing inventory. “It
Housing Wire
JULY 27, 2023
An index of 100 is equal to the level of contract activity in 2001. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” Home prices will be influenced by how much inventory is brought to market. in 2023, settling at 4.38
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