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But many would-be buyers have also been thwarted by comically low resale inventory, as well as supplychain constraints and escalating materials costs that have made life difficult for homebuilders. All four areas saw contract transactions increase from a year-over-year standpoint. January was illustrative.
New York — Housing markets have been mixed since the last report, with the rental market continuing to strengthen but the sales market weakening noticeably. Both in New York City and across the metropolitan region, there has been a steady and pronounced decline in signed contracts in both May and June, going against normal seasonal trends. …
How can variables like local and national economic conditions, consumer debt, consumer confidence, the Fed, global supplychains, wars and conflict and a hundred other wild cards be corralled? Number of Homes in Greater Atlanta Listings typically trail contracts and closings, that's clear as listings ballooned as rates jumped.
This year’s “cold down” is stark, with 36% fewer newlistings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. A little more than a third of inventory is under contract. Prices declined 5.4%
We certainly see that in all forms of residential real estate – from new construction to finding items for the home. The brighter news is that labor shortages and supply-chain disruptions are improving but it’s hardly “back to normal.” New single-family-home listings rose 3.8%
month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Four other residences have traded hands this year and two more are under contract for sale. Why the desire to leave?
We need that supply to clear the construction market,” Jalbert said in an interview with HousingWire. ’s reliance on Canadian lumber can create problems if any disruption arises within the supplychain. Pending home sales rise yet again Altos’ weekly pending contract data helps to visualize demand in the D.C.
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