Multifamily Housing Construction Beat Expectations In August Report
Single-family housing starts continued to slow
Single-family housing starts continued to slow
The number of homes under contract nationally fell nearly 2 percent
Investors and second-home buyers made up 15 percent of the market last month, according to new data out from NAR
The inventory of unsold homes in the U.S. increased 7.3 percent from June to July
The median price of homes sold in July was up nearly 20 percent from a year earlier
New home starts were down 45 percent compared to June 2021
Homes are staying on the market a little longer—on average 17 days
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