by Anthony | Oct 20, 2020 | Construction, Counsellors Title Agency, Housing, Inventory, Real Estate News
Finally it appears that the construction industry is moving ahead at full steam. It was reported that new home sales grew to a new high, reaching an annual rate of 1.01 million units in August 2020. This represents a 43.2% increase from just one year ago in 2019,...
by Anthony | Oct 15, 2020 | 2020 Trends, Construction, Housing, Real Estate News
The National Association Home Builders reported new single-family home sales hit a seasonally adjusted rate of 1.01 million, an increase of 4.8% over the July 965,000 number. This is the strongest adjusted annual rate since September of 2006. New home sales based upon...
by Anthony | Sep 22, 2020 | 2020 Trends, Construction, Counsellors Title Agency, Housing, Real Estate News
In the middle of a pandemic, in the middle of a massive recession with job losses being registered in the millions, there is a boom happening in the real estate industry. This time can only be described as a convergence of trends that have been in the making for...
by Anthony | Aug 19, 2020 | Construction, Real Estate News
Not to anyone’s surprise, but the Commerce Department reported that housing starts surged by 22.6%. This represents the largest increase in nearly four years dating back to October 2016. Housing starts came in at 1.496 million units in July, which was revised...
by Anthony | Jul 20, 2020 | Construction, Housing, Inventory Shrinkage, Real Estate News
The National Association of Home Builders published their most recent home builder sentiment report, indicating that overall home builder sentiment shot up by 14 points to 72 in July. All three components of the HMI index increased: ■ Current sales increased 16 points...
by Anthony | Jun 17, 2020 | Construction, Housing
Homebuilder sentiment jumped an historic striking 21 points in June to 58. Fast Stats – Builder Sentiment ■ Northeast increased to 48 points from 31 ■ South increased to 62, up 20 points ■ Midwest increased to 51, up 19 points ■ West increased to 66, up 22...
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