A new report from Redfin says the share of newly built single-family homes on the market at the end of 2021 was at a record high as builders try to keep up with surging demand. In addition, Redfin said that more than 34.1% of single-family homes for sale in December were new construction, up from 25.4% a year earlier and the highest share on record. Continue reading HERE...
Bloomberg Law has reported that a federal judge in Texas has issued a preliminary injunction against the Biden administration’s waters of the US rule (aka WOTUS). However, the injunction only applies
The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,450,000, which is 9.8% higher than January’s revised number but is 18.4%
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,702 in February, the same as January’s figure. Yardi says year-over-year growth continued its downw