Real estate industry associations oppose the decision and are calling on Congress to provide rental assistance to housing providers.
Small metro suburbs did the best in terms of construction with a more than 10% increase in market share over a year ago.
Nationwide sales of new single-family homes were at a seasonally adjusted rate of 901,000, up 13.9% from last month and 36.3% higher than July 2019.
All four regions in the U.S. experienced year-over-year and month-over-month growth in pending home sales, according to the National Association of Realtors.
The National Association of Realtors and the National Association of Home Builders are both backing candidates for congressional seats across the country and advocating for issues such as ramping up production of affordable housing and reversing widespread unemployment.
New housing starts numbers suggest that if you can’t buy it, then build it, according to one economist.
Foreign investors have taken pause when it comes to buying U.S. residential real estate, but better opportunities may be around the corner, according to the National Association of Realtors.
Contract activity up over last year “remarkable,” according to NAR chief economist.
See how the South did last month compared to the rest of the nation.
The National Association of Realtors is increasing its efforts to address discrimination and bias in the industry, following Newsday investigation and nationwide protests.