May new construction sales likely to increase from one year ago
With 11 of 13 markets reporting new construction sales data from May, it is likely that total new home sales will increase around 1-2% from one year
With 11 of 13 markets reporting new construction sales data from May, it is likely that total new home sales will increase around 1-2% from one year
The impact thus far of COVID-19 to residential real estate has been significant. Residential sales activity slowed in Alabama and in the United States during
Note: This article provides a preview of closed sales activity during May, which provides limited insight regarding the impact of the pandemic to residential sales
According to George Raitu, senior economist with Realtor.com, economic headlines for the week ending May 29, 2020, were somewhat mixed. While GDP was revised downward for
New home sales represent a significant portion of all residential sales nationwide, usually around 10-12%. The new construction industry is also a significant part of
Economic data from April showed a quick decline in overall business activity across the nation. Approximately 20.5 million jobs were lost during the month, manufacturing
Danielle Hale, chief economist for Realtor.com, recently released a revised economic and housing forecast. Residential sales nationwide are expected to decline 15% in 2020 versus 2019. Larger
During the National Association of Realtors (NAR) Virtual REALTORS® Legislative Meetings held May 11-15, 2020, Dr. Lawrence Yun, chief economist for NAR, analyzed the impact of the
The economic fallout of the coronavirus pandemic continues to unfold. The impact to the nation’s job market has been quick and historic as the unemployment rate spiked
In residential markets, demand has strengthened recently as mortgage applications for a home purchase increased for the third week in a row, rising 7% from the prior
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