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This is the biggest one-month drop in new home construction since April 2021, ... To combat high mortgage rates and home prices, builders have sweetened incentives to entice prospective buyers to ...
Amid a housing shortage and an affordability crisis, US homebuilding heated up in February as builders anticipate demand for new homes to stay strong.
Construction-only: Covers only the cost of building a home. Compared to a mortgage loan, which is secured by the home, a construction loan is riskier, so you’ll pay higher interest, according to ...
New construction home completions were at a seasonally adjusted annualized rate of 1.574 million, which is 8.7% above November and 13.2% above the completions a year ago.
Prices hit a new all-time high in June 2024, with the median sale price for an existing home reaching $426,900, according to the National Association of Realtors (NAR). July’s median price was ...
According to data from the National Association of Realtors, the median price for an existing home — one that’s already standing, not new construction — was $404,500 as of September 2024.