Posts by John Yellig

NAHB: Single-family homes help boost total residential construction spending in March

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in...

NAR tech-venture fund names 2021 REACH recipients

The 2021 REACH recipients have collectively raised more than $700 million in capital, employ more than 125 people and represent a valuation of more than $1 billion....

S&P CoreLogic Case-Shiller: U.S. home-price gains accelerate

The year-over-year increase in the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is the highest recorded since February 2006, according to Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones...

New-home sales surge 21% in March

Year over year, the pace of sales was up 66.8%...

RE/MAX: Median sales price tops $300,000 for first time

The median sales price of homes across 53 metro areas rose to record highs in March, topping $300,000. In Houston, the median sales price rose 4.7% between February and March to...

New home construction surges in March, suggesting relief for homebuyers

Privately-owned housing starts jumped 19.4% from February's revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban...

Zillow: Most experts expect relief to supply woes later this year, early 2022

Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of...

Redfin closes $608 million takeover of RentPath early

RentPath's sites, which include ApartmentGuide.com, Lovely, Rent.com, and Rentals.com, will continue to operate as normal while their listings are integrated with Redfin.com, a process that is expected to wrap up in...

New home sales slide nationwide

Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000...

Housing observers expect February job gains to continue

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a...

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