In spite of the pandemic, the U.S. and Canadian housing markets have seen significant growth over the past year as individuals and families stuck in apartments were driven to the suburbs in search of bigger homes with space to live, work and play … READ MORE >
Real estate
CHART OF THE DAY: Housing permits hold while lack of materials stifles starts
Homebuilders continue to be bullish on the American housing market as housing permits remained above 1.7 million for the fifth straight month, coming in at 1.76 million in April. … READ MORE >
CHART OF THE DAY: New home sales jump 20.7% in March
New home sales in the United States bounced back with a 20.7% increase in March after a surprising 18.2% decline in February, according to Commerce Department data released Friday. … READ MORE >
CHART OF THE DAY: Existing home sales slump but market remains hot
Sales of existing homes decreased 3.7% in March to an annual rate of 6.01 million for the second straight monthly decline, according to data from the National Association of Realtors released Thursday. … READ MORE >
House of the rising costs: Construction materials surge amid higher demand, supply constraints
Construction material costs have been rising since last June, and the increase is having a big effect on the residential construction industry. Everything from lumber to asphalt to cement to insulation has soared in price as the home building industry has heated up. … READ MORE >
CHART OF THE DAY: Housing is on fire
Housing starts skyrocketed 19.4% in March to 1.739 million, blowing past expectations of 1.613 million and well above the 1.5 million long-term equilibrium, according to government data released Friday. … READ MORE >
CHART OF THE DAY: Existing home supply lags demand and spike in real estate agents
Combine the recent spike in real estate agents with the high-demand environment and the existing home supply has not been able to keep pace. … READ MORE >
CHART OF THE DAY: New home sales drop 18.2% in February as market cools
New home sales fell 18.2% in February compared to January to a seasonally adjusted 775,000 — a nine-month low. At the same time, median home prices eased 1% to $349,400 nationally, according to government data released on Tuesday. … READ MORE >
The distressed real estate market that hasn’t materialized
A year into the pandemic-induced recession, property values have not only defied expectations of a drop, they have moved higher. The Commercial Property Price Index (CPPI) from Real Capital Analytics has increased almost 7% over the last 12 months. … READ MORE >
CHART OF THE DAY: Housing market hits the brakes
The growth in the housing industry came to a sudden end in February as housing starts fell 10.3% month over month to 1.4 million and permits fell 10.8% to just under 1.7 million, according to government data released on Wednesday. … READ MORE >