Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. What I have always tried to do with my economic
Tag: sales
The head of the Toronto region homebuilders’ association is warning the re-elected provincial government must keep its commitment to increasing housing supply, even though sales of new construction homes continued to slump in May. Home prices, however, rose across the board, particularly single-family houses, which climbed 31 per cent year-over-year to a benchmark $1.84 million
Dubai’s residential sales hit a 13-year high in May, mostly driven by new developments, according to the latest market data. The residential transactions in the first five months of the year totaled 30,903 homes, the most since 2009. That number was up 33% compared to the same period last year, according to a monthly report
Existing Home Sales in U.S. Expected to Fall by 6.7% in 2022 Fewer deals could give inventory time to recover over the summer. Read More BY THE NUMBERS TRENDING TODAY LISTING OF THE DAY ‘Mega-Unit’ in Toronto Ritz-Carlton Comes With Sweeping Views and Two Elevators The apartment, which is undergoing a gut renovation, will have
Check out what’s clicking on FoxBusiness.com. Real estate company Redfin laid off 8% of its employees and predicted years of lethargic home buying Tuesday. Redfin CEO Glenn Kelman announced the firings in a public post to the company’s website on Tuesday, saying real estate demand in May fell nearly 20% short of expectations. “To all
By BOBBIE GREEN The Progress Linda Darling Mesquite real estate agent Linda Darling has recently begun working with construction company Richmond American Homes out of Las Vegas. She is helping to connect home buyers to the new-construction homes being built on the three properties which Richmond Builders is developing in Mesquite. “I was working as
Homebuyers seeking new homes for sale in North Naples can now get the first glimpse of Ardena’s stunning new luxury estate homes. Two exquisite new model homes are now open for viewing, and showcase the array of exclusive, floor plan options available in Pulte Homes’ highly-anticipated Ardena – a new 40-acre community of luxury single-family
Although we’re still a couple days away from Labor Day, there are already plenty of impressive deals to be had. Major retailers like Walmart and Macy’s have launchedLabor Day sales featuring big discounts on everything from fall fashion essentials to bigger ticket items like appliances and mattresses. And if you’re hoping to make some upgrades
CNN — Labor Day is almost here, and that means great opportunities to save on all types of furniture to restyle your home. With summer coming to a close and retailers shifting their seasonal inventory, the holiday weekend is a particularly great chance to score deals on outdoor and patio items. Retailers are slashing
By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — Sales of new homes rose a modest 1% in July after a string of declines as new home prices soar to record levels. Sales last month reached a seasonally adjusted annual rate of 708,000, the Commerce Department reported Tuesday. Sales had fallen in April, May and