Inman Handbook on new-home sales

This is the second installment of a new Inman series digging into, and explaining, routine real estate economic metrics and how they’re used to illuminate the current housing market and inventory crises. Don’t miss part 1, The Inman handbook on pending home sales, and check back tomorrow for the third installment on existing-home sales. Real … Read more

Construction spending rises again in April as lumber costs climb

Residential construction spending continued to rise throughout the U.S. in the month of April, building further on a red-hot March. Private spending on new single-family homes rose 1.3 percent in April over the previous month, while multifamily developers upped their outlays on new properties by 1.9 percent, according to a report released Tuesday by the … Read more

After stellar March, new-home sales reverse course, dip 6% in April

New-home sales dipped 5.9 percent in April 2021 to a seasonally adjusted annual rate of 863,000, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. The decline follows a record month for new-home sales, when they hit a 15-year high of more than 1 million in March, … Read more

Timber may soon follow lumber in upward price trend

Pandemic-fueled housing demand is finally beginning to catch up with years of oversupply in the timber industry that resulted from the 2008 financial crisis. While lumber prices have skyrocketed over the course of the pandemic — causing some amateur sleuths to make claims of conspiracy theories — timber prices have remained largely steady, only increasing … Read more

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