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New-Home Sales

First-Time Buyers Account for 43% of New-Home Sales

First-time homebuyers made up 43% of new-home sales, according to the February National Association of Home Builders/Wells Fargo Housing Market Ind

New-Home Sales

Majority of Buyers Want and Use Digital Tools to Aid Home Search

While the majority of buyers are hesitant to purchase a home entirely online, all homebuyers want to use digital tools during their home search.

Economics

How Might an Uptick in Mortgage Rates Affect Housing?

For the first time since July 2020, mortgages rates have surpassed 3%, but that’s not likely enough to put an end to strong housing demand, says LG

New-Home Sales

A Message for New-Home Salespeople: Stop Trying to Sell Homes

You’re not in the sales business. You’re in the knowledge business

Market Data + Trends

2020 New-Home Sales Hit 14-Year High

New single-family homes sold nearly 20% more in 2020 than in 2019, likely due to the shortage of existing homes on the market.

New-Home Sales

Majority of Buyers Are Looking to Purchase New Homes

Homebuyers have flipped the script when it comes to purchasing new-homes versus existing homes.

New-Home Sales

Sales Outpacing Starts by a Historic Margin

The gap between sales and construction was the largest on record.

New-Home Sales

November Home Sales Drop 11% From October

According to the National Association of Home Builders, both affordability and lack of supply can be to blame for the drop in November new-home sal

New-Home Sales

Advance New-Home Purchasing Surges to 15-Year High

The number of new-construction homes purchased in October that had yet to begin construction hit a 15-year high, making up 38.5% of total new-const

New-Home Sales

New-Home Inventory at Three-Year Low as Sales Outpace Construction

The historic margin of new-home sales versus construction starts from the end of summer are continuing to affect overall new-home inventories.

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