new home inventory Archive

REALTORS® Reported More Home Tours but Fewer Offers in July 2017

One indicator of the strength of homebuying demand is the number of client home tours. REALTORS® reported that, on average, they took about six clients on a home tour in July 2017, up from four clients one year ago,...

Where Does Job Growth Outpace New Housing Construction?

In the last five years, San Francisco metropolitan area added 345,700 new jobs, but issued permits for only 20,241 single-family units. Meanwhile, home prices increased by 54 percent[1]. During the same period, Houston created 307,500 new jobs and permitted...

Housing Starts: Spring May Bring Tight Supply Conditions

Here is a look at the latest housing starts for November 2015. New home construction rose significantly in the latest month and is on track for most activity since 2007. Still, significantly more construction is needed to relieve the...

Latest New Home Sales (May 2015)

New home sales increased for the second straight month.  Homebuilders are now focusing on lower-priced and smaller-sized homes as evidenced by a lower median price.  But the supply is still short of demand.  Expect general push up to home...

Latest Housing Starts

New home construction activity declined slightly in the latest month.  However, the overall annual figure is likely to show an 8 percent gain for 2014. Specifically, housing starts fell 1.6 percent in November from the prior month.  Though a...