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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New Home Prices Are Falling—So Why Are There Fewer Sales?

Feverpitched/iStock The price of owning a brand-new home is falling. But although buyers are desperate for whatever homes they can afford, new-home sales were actually down in April, because there were fewer of them on the market—a number far short of meeting the demand by home buyers. Prospective homeowners scooped up just 569,000 brand-new homes April—a 11.4% […]

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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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Builders Finally Ramp Up on New Homes, but Can Buyers Afford Them?

RichLegg/iStock A fresh infusion of new homes hit the market as the spring home buying season kicked off in March, adding a touch of relief to a housing market that’s been short on, well, homes. Still, the most cash-strapped buyers—typically first-timers—aren’t likely to be able to take advantage of the new additions. About 621,000 newly […]

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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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New-Home Sales Are Up—But Not Enough to Ease the Housing Crunch

RichVintage/iStock Here’s the good news: Sales of newly constructed homes rose in the beginning of the year. The bad news? It wasn’t enough to ease the housing shortage that is frustrating would-be home buyers across the nation. Buyers purchased about 3.7% more new homes in January than in December, according to a joint report by the […]

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