Sales: According to the Alabama Association of Realtors, July new home sales in the state increased 30.9% year-over-year from 800 to 1,047 closed transactions. Sales decreased 2.1%
The housing industry, like the technology industry and the NASDAQ stock index, appears to be one of those exceptions to the coronavirus where “Everything is Awesome”.
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 housing-related data this week doused cold water on March’s hopes by the housing industry that record low interest rates and Realtors pivoting to virtual
The Alabama Center for Real Estate created the following rankings based on new construction as a percentage of total residential sales during January.1.
Permits for new single family housing units rebounded in July, increasing 4.2% nationally and 6.3% in the south region. They were also on the rise in Alabama, increasing 7.8% year-over-year (Y/Y)