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Builders only have 76,000 completed new homes for sale

Housing Wire

Census Bureau and the Department of Housing and Urban Development. As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005. months and below, this is an excellent market for builders. months , this is just an OK market for builders. months, the builders will pause construction.

Inventory 478
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D.R. Horton acquires homebuilding assets from Truland Homes

Housing Wire

In a bid to strengthen its position in the Gulf Coast market, has acquired Truland Homes , the largest private homebuilder along the Gulf Coast, according to an announcement issued Thursday. Horton’s already strong local market operations.” We look forward to continuing as a key lot development partner for D.R.

Contracts 369
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New home sales make it clear: Housing is in a recession

Housing Wire

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. “I don’t expect a boom in housing construction.

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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The new home sales market is doing well as it really benefits from lower mortgage rates.

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Are new home sales flagging a recession?

Housing Wire

Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. The market is savagely unhealthy and needs balance; this is what we call balance! Census Bureau and the Department of Housing and Urban Development. Guess what happened in March? This is 16.6

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New home sales report boosted by positive revisions

Housing Wire

To be honest here, the new home sales market is stuck for now. It gives an idea of what to expect for housing construction. months and below, this is an excellent market for the builders. months, this is an OK market for the builders. months and above, the builders will pull back on construction. When supply is 6.5

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Low housing inventory a win for homebuilders

Housing Wire

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. Census Bureau and the Department of Housing and Urban Development. months and below, this is an excellent market for builders. months, this is an OK builder market.

Inventory 540