Second-quarter 2018 new construction metrics compared to second quarter 2017: 22.3% of newly built homes sold above their list price, down from 24.8%. For the past seven quarters, the percentage of new construction homes that sold above list has been declining. For existing homes, the percentage sold above list has been increasing over the same […]
New Construction Home Prices Increased 3.2% in Second Quarter Read More »
New construction homes in the fourth quarter of 2017 accounted for 16.4 percent of all single-family homes for sale, the highest level since Redfin began tracking this data in 2012, up from from 14.2 a year earlier. This is a needed sign of progress in a housing market plagued by short supply. The median price
While it’s rarely a good idea to put much stock in a single piece of economic data, the trend in new home sales has been disappointing for a while. Builders simply aren’t constructing enough houses accommodate population growth. It’s one factor of many contributing to the rapid rise in housing costs.
Where Will Everybody Live? New Homes Aren’t Keeping Up Read More »