Current Market Data

Existing-home sales slide in December while prices continue to climb

“December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing.” — NAR chief economist Lawrence Yun

New listings, closings, showings drop in Houston area in second week of 2022 compared to 2021

Overall, there were fewer new listings, closings and showings during the week of Jan. 11-17 compared to the second week of January 2021, the report said.

Housing starts rise in December on strong multifamily sector

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Home supply sees largest decline since pandemic’s start

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.

Inflation worries sap builder confidence in January

“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.” — NAHB Chairman Chuck Fowke

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association associate vice president of economic and industry forecasting Joel Kan

Houston sets new records for single-family home sales and average price in 2021

The Houston area set annual records for single-family home sales, average sale price, and total sales dollar volume in 2021.

Homeowners face record supply shortages entering 2022

Despite the record low number of homes for sale, prices and pending sales continue to rise.

CoreLogic: Home appreciation continues to accelerate

Housing prices continue to exacerbate ongoing affordability challenges, as home appreciation continued to accelerate in November.

New listings remain low as holiday season closes

With most consumers still in holiday mode during the final week of 2021, new Houston listings fell short of last year’s numbers for a second consecutive week.

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