housing supply Archive

Existing-Home Sales Dip in December

A dip in existing sales activity in December (2.8 percent) was not enough to keep 2016 from being the strongest year of sales (5.45 million) in exactly a decade. During this morning’s press conference, Lawrence Yun, NAR chief economist,...
January 24, 2017

November Existing-Home Sales: The Streak Continues

The headline of this post may lead you to believe that existing-home sales were up again in November for the third straight month. That is indeed true. However, “the streak” I’m referring to is the remarkable fact that existing-sales...
December 21, 2016

Existing-Home Sales in October: Highest Pace in Nearly a Decade

The housing market has indeed awakened from its summer slumber. Existing-home sales posted a 2 percent monthly gain in October and are now 5.9 percent higher than a year ago. Even more impressive? At a 5.60 million annualized sales pace,...
November 22, 2016

August Pending Home Sales Recap – When a Chart Says It All

It’s becoming very clear that a decent number of prospective buyers this year continue to be pinched by supply shortages and the subsequent run-up in home prices. That’s why only one region saw an uptick in contract activity in...
September 29, 2016

Blame Low Inventory and Higher Home Prices for August’s Existing-Home Sales Slide

Existing sales fell in August to their second-lowest pace of 2016 (5.33 million). But don’t let the down sales number fool you. This is a very active housing market. Properties in August typically sold 10 days quicker than a...
September 22, 2016

Your City Is Most Likely Facing a Housing Supply Crunch

Total housing inventory for existing homes has decreased year-over-year for 14 straight months. The situation isn’t much better for the new homes market. According to this morning’s report by the U.S. Commerce Department on August housing starts, building last month...
September 20, 2016

Existing-Home Sales Keep Climbing…Can It Last?

This morning we reported that existing-home sales increased in June (1.1 percent) for the fourth straight month and remained at their highest annual sales pace since February 2007 (5.79 million). Almost every nook and cranny inside the data shows that it...

May Existing-Home Sales Recap: It’s a Repeat Buyers Market

The good news keeps on coming for the housing market this spring, especially if you’re already a homeowner looking to trade-up or downsize. Existing-home sales grew 1.8 percent last month to their highest annualized sales pace (5.53 million) since...

This Year’s Spring Market: Better than Expected

The data emphatically shows the housing market keeps on getting stronger this spring. After last week’s report on existing-home sales rising 1.7 percent in April, we announced this morning that pending home sales (signed contracts) last month jumped 5.1 percent...

Fastest Growing Markets in the Fourth Quarter of 2015

Rising sales and home prices typically coincide with each other. That was not the case in the final three months of 2015. Despite slightly cooling demand from earlier in the year that caused sales to decline (5.4 percent) from...
February 10, 2016