Pending home sales diminish in AugustContract signings fall nearly 19% on a year-over-year basis. New home sales drop in AugustThe Northeast sees solid monthly and year-over-year growth. Existing-home sales slip in August The median existing-home price for all housing types in August was $407,100, rising 3.9% from a year ago. Housing starts tumble in August Multifamily and single-family permits demonstrate growth for the month. Builder confidence weakens in September Mortgage rates rising above 7% drive down builder sentiment and buyer traffic. From JBREC: An outlook on the building products market John Burns Research and Consulting expects the smaller-home size trend to continue. Pending home sales see slight improvement High mortgage rates and limited inventory continue to hinder potential buyers. Builders FirstSource provides market outlook and projections Housing starts trending around 1.5 million in 2024 could result in even more volatile lumber prices. 84 Lumber builds at Nemacolin resort The new Wisteria community includes more than 30 homes for resort associates. New home sales are solid in July Sales for the month are up 31.5% on a year-over-year basis. First Previous 8 9 10 11 12 Next Last
