Europe's biggest house factory to build a house every HOUR and create 1,000 jobs in Corby - Northamptonshire Telegraph
Historic. Unprecedented. Crisis. Inflection point.
These descriptors have been used so often in reference to the last couple years of real estate that they have lost much of their meaning. That does not mean, however, it is inaccurate to view the current market with that lens, as nearly every quantitative or qualitative measure seems to support the idea that there are truly unique challenges and opportunities for housing right now.
Sales of new single-family homes unexpectely rose sharply in May, after four consecutive months of declines.
According to a joint report from the U.S. Census Bureau and Department of Housing and Urban Development (HUD), the seasonally adjusted sales rate was 696,000, representing a 10.7% increase above the revised April rate of 629,000, but a 5.9% decrease below the May 2021 estimate of 740,000.