Sentences with phrase «supply of new homes»

Although the news was disappointing, data showed a near six - month supply of new homes for sale, which finally signals a healthy balance between supply and demand.

Very limited supply of new homes on the market!

And given the limited supply of new homes, the result has been systemic house price inflation well beyond the growth of the economy.

The Scottish Government also recognises the importance of bringing forward the land required to support an increasing supply of new homes.

Remember that the monthly supply of new homes has been higher, month over month for ever single month in this cycle than the previous cycle when we had a lot more sales.

A short supply of new homes means more competition and higher prices for everything else.

«The very low supply of new homes on the market and tight credit conditions for home buyers shows that builders are still cautious about getting ahead of themselves,» says Rick Judson, chairman of the National Association of Home Builders.

According to the Federal Reserve Bank of St. Louis there are 5.7 months» supply of new homes currently on the market in the U.S.

The housing market in April had 4.8 months of supply of new homes, although this is still short of the six months inventory that experts consider a balanced market.

«The average annual supply of new homes in London since 1980 has been around 16,000 a year.

That's the situation in the coastal South Carolina city of Myrtle Beach, where a strong supply of new homes is prompting many buyers to shun properties that have been lived in, says sales agent Brandi Minchillo of RE / MAX Southern Shores, a real estate brokerage in the resort community.

The one thing that could slow the pace of rate increases would be to tame housing costs through an increased supply of new homes.

«Meanwhile, the very low supply of new homes on the market is indicative of the difficulty that builders are having in keeping up with demand due to availability issues with regard to materials, credit, labor and lots for development.

But unlike America's latest housing market bubble, which saw the supply of new homes rise rapidly as investors banked on new mortgages, there is no increase in the supply of farmland.

Rolled together, the supply of new homes is constrained and prices are rising, even as demand is weak.

It recommends the city start green lighting more development and remove many of the barriers that are currently limiting the supply of new homes.

The supply of new homes stood at 5.9 months in February, near the top of -LSB-...]

Contrary to the Larry Yun false narrative, the supply of new homes jumped to 6.1 months from 5.5 months in December.

It is part of why the supply of new homes hasn't expanded as quickly as forecasters had expected, and why home building's contribution to the economy has been so paltry.»

If the growth of mortgage lending outpaces the supply of new homes, this will inevitably bid up house prices.

In the same way, the supply of new homes continues driving buying patterns with regards to location and price.

Onerous municipal regulations for residential development are reducing the supply of new homes (houses, condos, townhouses, etc.) in Canada's biggest cities and contributing to rising home prices, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian policy think - tank.

The good news is new - home permits and starts have been increasing over the last few months, so the supply of new homes should be up slightly for the spring market.»

The supply of new homes for sale fell to a seven - year low of 4.5 months as the pace of sales picked up, but the inventory advanced by only 2,000.

The article credits this trend to a combination of low mortgage rates and a steady job market, and in fact, the demand for new homes has surpassed the supply of new homes available for purchase.

The supply of new homes for sale remained unchanged at a 4.4 - month supply, according to data from NAR.

The months» supply of new homes for sale fell to a seven year low of 4.5 months as the pace of sales picked up but the inventory advanced by only 2,000.

The supply of new homes remained unchanged at a 4.1 - month supply.

The median sales price of new homes was $ 237,700 in October, due to the supply of new homes being very low.

Supply of resale homes will increase more than supply of new homes, as sellers get in on a temporarily hot seller's market and builders continue to face labor shortages that slow building time.

Looking ahead, Yun says a way to relieve housing costs is to increase the supply of new home construction — particularly to entry - level buyers.

Taking into account June's sales pace, the supply of new homes on the market dropped to a 6.3 - month supply, the lowest since April 2010.