After four months of declines, existing home sales stabilized in June as housing inventory modestly improved, according to the National Association of Realtors (NAR). However, the median existing home price in June remained elevated and was the second-highest on record. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, increased 1.4% to a seasonally adjusted annual rate of… Read More ›

According to the data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal exterior material on new single-family homes started in 2020 (28 percent),  followed by Vinyl siding (26 percent), fiber cement siding (such as Hardiplank or Hardiboard (21 percent), brick or brick veneer (19 percent). Far smaller shares of single-family homes started last year had wood… Read More ›

Seventeen percent of American adults are considering the purchase of a home within a year, according to NAHB’s Housing Trends Report (HTR) for the second quarter of 2021. The share (now seasonally-adjusted*) has increased for five consecutive quarters, after hitting a series low of 10% in the first quarter of 2020. The upward trend is clear evidence of Americans’ growing… Read More ›