Dwindling supply, strong demand push new home prices to record

Dwindling supply, strong demand push new home prices to record

In both cases, the figure was the highest in the 20-plus years of data Cross has compiled, according to Erik Doersching, the firm’s president. The total price buyers paid, $438,307 on average for houses and $590,283 for condos or townhouses, were not records, as both types of housing have been selling at smaller square footages

Dwindling supply, strong demand push new home prices to record

Home renovation: Lifestyle changes, aging homes, rising prices spur record spending | Science & Environment

About a year after the onset of the pandemic, Kathy Lange-Novak and her husband, Frank Novak, decided it was time to update their Fitchburg home. After 26 years, the floors, countertops and appliances were showing their age, and the couple thought they needed to upgrade before putting the house on the market. “This is the

Toll Brothers luxury home builders hit record in new home contracts amid construction boom

Toll Brothers luxury home builders hit record in new home contracts amid construction boom

Hodges Capital Management founder Craig Hodges on his outlook for the market amid inflationary pressures and labor shortages. Luxury home builder Toll Brothers Inc. reported in its fiscal year 2021 third quarter earnings results on Tuesday that the firm hit a new record for new contracts on the quarter, exceeding Q3 of last year by