by RealtyBizNews | Sep 28, 2021 | housing, National Association of Home Builders, new home prices, New Home Sales, New home supply, Real Estate News
Sales of new homes jumped in August even as buyers had to contend with prices making steady gains. The higher development costs and prices of building materials have sent new home costs soaring, with the median price rising 20% from one year ago. In August, the median...
by RealtyBizNews | Aug 31, 2021 | housing, lumber prices, new home prices, Real Estate News, Toll Brothers
Toll Brothers Chief Executive Doug Yearley has said the recent fall in lumber prices is helping builders realize some significant savings in terms of the cost of building new homes. But home buyers won’t see those savings, as they’re only helping to offset the rising...
by RealtyBizNews | Jul 9, 2021 | lumber costs, lumber prices, lumber supply chain, lumber wholesaler, lumber yard, new home prices, price of lumber, Real Estate News
Lumber prices have dropped like a stone in recent weeks following months of record highs, but builders are still waiting to see the benefits of that fall. Meanwhile, new home prices keep on rising. The high price of lumber has long been cited as one of the main...
by RealtyBizNews | May 9, 2021 | existing home prices, median home price, new home prices, Real Estate News
New homes in the U.S. have traditionally always been more expensive than existing homes, but recent data suggests that the opposite is now true. According to the National Association of Realtors, in March the median price of an existing single-family home hit a record...
by RealtyBizNews | Feb 19, 2021 | Featured News, lumber costs, lumber prices, lumber tariffs, new home prices, Real Estate News
Lumber prices hit another record high last week, with the price having risen now by more than 170% in the last 10 months, according to a report by the National Association of Home Builders. That’s bad news for buyers, as home builders have responded by increasing the...
by RealtyBizNews | Nov 8, 2020 | lumber costs, new home prices, Real Estate News
The cost of new homes has been steadily climbing due to rising lumber prices, but a new report says that relief could now be on the way. That’s because lumber futures are showing signs of falling, according to builders recently surveyed by Zonda, a research firm...
