Mindblown: a blog about philosophy.
-
Shift in Pricing Puts New Builds Within Reach
CHICAGO — Home buyers who have long been priced out of the new-home market may want to take a fresh look. The gap between the price of a brand-new home and an existing one has narrowed significantly – an “unprecedented change,” says Ali Wolf, chief economist for NewHomeSource and the new-home data firm Zonda. This…
-
New-home sales crater, magnified by struggles in the South
New-home sales in May have validated the old adage that what goes up must come down. According to the monthly report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), sales of newly built single-family homes in May came in at a seasonally adjusted annual rate of 623,000. That’s…
-
New-home sales drop by most since 2022 on poor affordability
By Michael Sasso | Bloomberg US new homes sales fell in May by the most in almost three years as incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low, according to government data released Wednesday. That was below all estimates…
-
Builders shrinking home sizes to keep prices in check, experts say
New homes are getting smaller as homebuilders look for ways to keep prices in check. But kitchens are getting bigger. Those are the key trends in the new housing market, two experts said at the National Association of Real Estate Editors conference this month in New Orleans. “The biggest trend happening now in housing is…
-
Housing Market Warning Issued: 'No One Is Buying New Homes'
Demand for new homes dropped to its lowest level in nearly three years last month, according to the latest data, as builders across the country brace for a significant slowdown in construction in the coming months. “No one is buying new homes that are under construction or permitted,” Nick Gerli, a real-estate analyst and CEO…
-
New Home Co. acquires Landsea, forming a top 25 homebuilder
New Home Co. has completed a previously announced acquisition of Landsea Homes, the companies announced Wednesday. The deal creates a top-25 national homebuilder based on the number of new homes sold in 2024. Matthew Zaist, who currently serves as president and CEO of New Home, will led the combined company. New Home was the nation’s…
-
New-home sales drop by most since 2022 on poor affordability
By Michael Sasso | Bloomberg US new homes sales fell in May by the most in almost three years as incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low, according to government data released Wednesday. That was below all estimates…
-
Builders shrinking home sizes to keep prices in check, experts say
New homes are getting smaller as homebuilders look for ways to keep prices in check. But kitchens are getting bigger. Those are the key trends in the new housing market, two experts said at the National Association of Real Estate Editors conference this month in New Orleans. “The biggest trend happening now in housing is…
-
Housing Market Warning Issued: 'No One Is Buying New Homes'
Demand for new homes dropped to its lowest level in nearly three years last month, according to the latest data, as builders across the country brace for a significant slowdown in construction in the coming months. “No one is buying new homes that are under construction or permitted,” Nick Gerli, a real-estate analyst and CEO…
-
Shift in Pricing Puts New Builds Within Reach
CHICAGO — Home buyers who have long been priced out of the new-home market may want to take a fresh look. The gap between the price of a brand-new home and an existing one has narrowed significantly – an “unprecedented change,” says Ali Wolf, chief economist for NewHomeSource and the new-home data firm Zonda. This…
Got any book recommendations?