...shortage. Demographic tailwinds from millennials continuing to age into their prime home-buying years and a lack of existing-home inventory mean that new home construction is essential in meeting shelter demand.”...

...new listings hitting the market. Zillow's latest monthly market report finds that inventory is starting to creep back up, but it remains more than 10% lower than this time last...

...year ago. The 9.3% increase in inventory was the largest month-over-month increase in 14 months. Even so, inventory is 8.6% below September 2022 levels. Despite the growth in inventory over...

...at 445,000 units, which increased 10.1% month-over-month and 15.0% year-over-year. Although this additional rental inventory is undoubtedly a positive development for renters, the rapid rate at which these units are...

...and low inventory levels continue to negatively weigh on potential buyers. Redfin now expects 2023 is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since...

...consecutive month of year-over-year price increases. The inventory of unsold existing homes climbed 2.7% from the prior month to 1.13 million at the end of September, or the equivalent of...

...housing inventory, and affordability challenges continue to constrain borrowers,” said MBA President and CEO Bob Broeksmit. “While 2023 has been a tough time for the housing market, MBA expects that...

...gains. Demand for newly constructed homes remains relatively strong due to the persistent shortage of resale inventory, but increasing mortgage rates are impacting would-be buyers. MBA’s estimate of new home...

...week last year, as homebuying activity continues to pull back given reduced purchasing power from higher rates and the ongoing lack of available inventory. The ARM share was 9.3%, the...

...ticking up slightly, inventory is still near record lows as homeowners hang onto their low mortgage rates—and that’s propping up prices,” said Redfin Economics Research Lead Chen Zhao. “Buyers—particularly first-timers...