Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by.

Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.

New, pending and off-market listings are all down, while the number of closings climbs as Houston’s housing market continues to struggle to keep up with demand.

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

The national year-over-year gain is the highest recorded since December 2005, Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indexes, said in a press release.

As Houston’s luxury home market stays red-hot, nine Houston buyer’s agents helped clients purchase the 10 most expensive homes in April priced up to $7,450,000.

Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.

Houston saw an increase in single-family home sales, total property sales, total dollar volume sales, new listings, pending listings, closings and showings compared to April 2020.

The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.

The Houston Association of Realtors’ FRESH report briefly covers new listings, active listings and average list price for single-family homes activity in April 2021 compared to April 2020.

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 February.

Home closings saw their most considerable one-week year-over-year increase and there was also a significant rise in the number of new listings, pending listings and showings.

As housing demands hold steady and home prices rise, the number of new listings, pending listings, closings and showings were up compared to this time last year.

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 $288,000.

Who had the 10 most expensive deals in the Houston area in March?

The data are skewed because it was at this time last year that the coronavirus pandemic forced the real estate business to go into lockdown until it was deemed an essential service.