The National Association of Realtors is reporting that pending home sales declined 1.1% in October, 2020. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell slightly to 128.9 with only one major region experiencing an increase in month-over-month contract activity. In addition, they reported that year-over-year contract signings were up 20.2%, year-over-year. Continue reading HERE...
The NAHB’s Eye on Housing says the prices of goods used in residential construction increased 19.4%, year-over-year. Citing data from the Producer Price Index they point out that building materials (
A recent report from Breitbart says the average national price for manufactured homes rose nearly 50% over the course of the pandemic, from $82,900 to $123,200. They say manufactured homes have long
The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, which is 14.4% lower than April’s revised number and 3.5% lower than