Construction Contracts Housing Market Inventory 
Housing Wire
SEPTEMBER 7, 2023
She expects a market contraction this fall in the housing sector. In many markets, renting has become more affordable than owning The balance between renting and owning in many markets has shifted toward renting as more new apartment construction comes online, noted Sturtevant.
Housing Wire
JANUARY 26, 2024
For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “Job in December, up from 71.6 in November.
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Housing Wire
OCTOBER 26, 2023
Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Year over year, all four regions saw declining transactions.
Housing Wire
JUNE 29, 2023
An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. The NAR’s Pending Home Sales Index fell to a reading of 76.5
Housing Wire
MARCH 29, 2023
Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% In-contract deals rose 0.7%
Housing Wire
JULY 27, 2023
An index of 100 is equal to the level of contract activity in 2001. The recovery has not taken place, but the housing recession is over,” said NAR Chief Economist Lawrence Yun. The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply. “It in 2023, to 720,000. in 2024, to 820,000.
Housing Wire
APRIL 27, 2023
An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In the new construction sector , NAR predicts sales to increase 4.5% year over year. year over year to 4.56
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