2005 Buyers Contracts Inventory 
Housing Wire
JANUARY 20, 2023
On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.
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%
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
JUNE 30, 2021
Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1%
Housing Wire
AUGUST 23, 2022
can’t have a credit sales boom like we saw from 2002-2005. This means we won’t be working from record-breaking demand of high sales like we did at the peak of 2005. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4
Housing Wire
JULY 29, 2021
Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. on the index in June, an 8.7% in June to 98.1,
Housing Wire
MARCH 17, 2022
In fact, considering the drop in builders’ confidence, now we have to watch for whether some people will cancel their building contracts because rates have jumped so much while they’ve been waiting for their new home to be built. The February rate for units in buildings with five units or more was 501,000. Housing completions.
Housing Wire
FEBRUARY 16, 2023
Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now.
Expert insights. Personalized for you.
538 
Let's personalize your content