New home sales fall to 1-year low

After breaking from its upward trend in April, new home sales fell 5.9 percent to a seasonally adjusted annual rate of 769,000 in May, a one-year low. New home sales are still up 9.2 percent year over year but have been falling month to month since March, likely as a result of high home prices … Read more

Inman Interactive: Where housing costs are straining budgets most

In this interactive map, see the states where homeowners with a mortgage have incomes that haven’t kept up with housing costs. This post is the second in a series of Inman data visualizations exploring the U.S. housing market using the government’s American Community Survey. Check out the first article here. In our last interactive article, … Read more

Residential construction rose in May, despite material challenges

The rising cost of lumber has continued to impede builders over the past several months, but despite those rising costs, new housing starts rose in May, according to data released Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts were up 4.2 percent from April to a … Read more

America’s Hottest Neighborhoods: Willow Glen in San Jose, California

Published in association with San Jose, California, hasn’t shied away from making headlines recently. The city that’s host to a number of big tech players like PayPal, Zoom and Adobe was named the No. 1 city for small businesses by Biz2Credit in early May. It was also the No. 1 metro where millennials made up … Read more

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

Rising construction costs curbed homebuilders’ pace in April

The rising cost of lumber and appliances slowed the momentum of single-family building permits, starts and completions in April. Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second-home markets soaring. What does the future hold for new second-homeowners and for managers … Read more

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