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Tag: housing demand
Business
U.S new-home sales rise; home prices jump to highest level in 7 years
The number of new homes sold in April rose 2.3 percent to a seasonally-adjusted annual rate of 454,000, the highest mark since the summer of 2008, the Associated Press and CNBC report. Compared to a year ago, new home sales are up 29 percent, according to Commerce Department data. However, the number is still well […]
May 28, 2013
Business
Permits, labor shortage cause delays as builders scramble to meet huge housing demand
“I’ve also never seen a market turn so quickly.” That’s what Kurt K. Colgan, a broker with Lyon Real Estate of Sacramento, California, recently told the New York Times about the recent housing boom. Despite how eagerly-awaited housing’s return has been, its sharp rebound has taken home buyers, sellers and builders by surprise. As a […]
March 25, 2013
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