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The government report also showed the construction pace of single-family housing rose 3.4% to an annualized 935,000 rate, marking the first increase in six months. Permits for single-family homes ...
That, however, is just one trend shaping up as last year’s historic seller’s market continues into 2022. Read More: 17 Dumb Home-Buying Mistakes That Hurt Your Wallet Prices Will Rise Most ...
For nearly two years now, the COVID-19 pandemic has made the real estate market a major headache for buyers in many parts of the country. Low inventory, paired with high demand, has caused home ...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Housing is also important to developers, builders, lenders, realtors, investors, architects, and other specialized professions and trades. These groups view housing as a commodity for financial gain. [4] As the United States industrialized in the 20th century, demand for housing fueled job growth and consumer products to create economic growth.
Existing home sales fell for the sixth consecutive month in July, according to the National Association of Realtors.Sales dropped 5.9% from June and 20.2% from a year ago. The median existing home ...
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The impact of the housing slowdown wasn't hard to spot in RH's third-quarter results. Sales tanked 13.6% from a year ago to $869 million, net profits were about cut in half, inventories have risen ...