Every Region of U.S. Sees Fewer New Homes Hitting the Market—Except One

BrianAJackson/iStock Builders just aren’t keeping up. Despite the lack of homes on the market making buyers ever more frazzled, the number of completed new homes dropped month-over-month in every region of the country—except one. The South, which is luring companies and new residents with its lower cost of living and more affordable housing prices, had about […]

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Looking for a Newly Constructed Home? Better Buy Now

Ridofranz/iStock Buyers hoping to move into a brand-spanking-new home may need to act fast. More newly constructed homes were completed in May—but fewer abodes are in the pipeline, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Seasonally adjusted numbers have […]

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What Slowing New Home Construction Means for the Housing Market

TerryJ/iStock Although more home buyers eagerly seeking the dwellings of their dreams, fewer new homes are in bloom this spring. In not-so-promising signs for the housing market, permits to build new abodes, housing starts, and the number of new homes completed dipped in April from the previous month, according to the seasonally adjusted numbers in […]

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New Tariff on Canadian Lumber Could Make Buying a Home Even More Expensive

dpproductions/iStock What do a new tariff on Canadian softwood lumber and rising U.S. home prices have in common? More than many American home buyers might realize. The Trump administration imposed a 20% tariff on the lumber coming from our neighbors to the north last week in a bid to help U.S. timber producers. But American builders […]

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What Are Housing Starts, and Why Should Home Buyers Care?

Robert Ingelhart/iStock What exactly are housing starts? This term, so often thrown around by housing policy wonks and quoted in dense financial reports, refers to the number of new homes on which builders have started construction in any particular month. The latest figures can be found in the U.S. Census Bureau’s monthly New Residential Construction Report (along with […]

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Hold On, Buyers—More New Homes Are Coming Your Way!

mountainberryphoto/iStock Buying a home typically isn’t a stress-free, relaxing process. Buyers need to muster up a down payment, secure financing, and fill out mountains of paperwork—as well as have their offers accepted. And of course, they need to find the home of their dreams in the first place. But that last part may get a […]

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Could the Housing Crunch Get Worse? What the Latest Construction Numbers Say

unkas_photo/iStock The housing crunch doesn’t look like it will be getting better any time soon, according to the latest report on new construction. The number of permits issued to builders to put up sorely needed homes across the country fell 6.2% from January to February, according to the seasonally adjusted numbers in the latest new residential […]

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