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Availability of Lots for New Homes Drops Year-Over-Year

The number of available lots for new homes has decreased compared to the previous year.

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According to the most recent New Home Lot Supply report from Zonda, in Q1 2024, there was a tightening of lot supply year-over-year across the U.S. The report notes that lot inventory remains “significantly undersupplied” in most markets, and this trend reflects the increased construction activity in recent quarters. Ali Wolf, the chief economist at […]

The number of available lots for new homes has decreased compared to the previous year. Read More »

New Home Sales Up 12.3% in September

In September, there was a notable increase of 12.3% in new home sales.

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According to the U.S. Government, sales of new single-family houses in September 2023 reached a seasonally adjusted annual rate of 759,000, marking a 12.3% increase from the revised rate in August and a 33.9% increase from the same period last year. The median sales price for these new houses was $418,800, while the average sales

In September, there was a notable increase of 12.3% in new home sales. Read More »

Single-Family Market Share Continues to Shift Away from Large Metros

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The National Association of Home Builders says single-family market share continues to shift away from large metro areas.  Citing data from their recent Q4 Home Building Geography Index (HBGI), they say the largest growth in single-family market share came in rural markets (micro counties and non-metro micro counties), rising from 9.4% in Q4 2019 to

Single-Family Market Share Continues to Shift Away from Large Metros Read More »

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