The National Association of Realtors is reporting that pending home sales were down 1.8% in July, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell to 110.7. In addition, they report that year-over-year contract signings were also down 8.5%. They say the market may be starting to slightly cool but low inventory is still playing a part. 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