Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November.
National property broker Redfin predicts that eight of the 10 hottest U.S. neighborhoods of 2022 will be in Florida, and seven of those eight are in the Sarasota metropolitan area alone.
Based on new findings of the third quarter National Association of Home Builder's Home Building Geography Index, the suburban shift for single-family home buying precipitated in large part by the onset of the COVID-19 pandemic last year continues.
New-home construction in the U.S. reached an important benchmark this past February 2021, when more than 1.5 million residential building permits were issued over the prior 12 months. This level of activity indicates a housing boom that hasn't been seen since August 2007.
The National Association of Home Builders chairman Chuck Fowke issued the following statement after the U.S. Commerce moved forward last week with an administrative review to double the tariffs on Canadian lumber shipments into the U.S. from 9 percent to 17.9 percent.
Posted on December 06, 2021
Posted on November 01, 2021