Housing inventory

The Military Urban Development Initiative, which is also open to civilians, allows buyers to select a lot, house design and mortgage.

But building permits near an almost 15-year high point to further gains in home construction in the months ahead. The data coincide with still-elevated homebuilder sentiment as the industry works to replenish lean inventory and meet housing demand.

With the pandemic’s radical disruption of the housing market, values grew at the highest rate in eight years, according to CoreLogic.

The number of home listings collapsed to the lowest level on record, leaving “nearly all of the shelves empty,” Glenn Kelman said in the company’s latest home sales report.

Berkeley is the latest city looking at opening up exclusive neighborhoods to more housing as the region struggles with exorbitant rents and home prices and increasing homelessness.

“Sales could be even higher,” if more homes were put on the market, NAR’s chief economist Lawrence Yun said

While sales shot up from the same time last year, inventory reached its lowest level since Remax started its National Housing Report in 2007.

With pandemic conditions in place for a second spring, lenders and brokers discuss the indicators that will reveal whether the market is shifting away from the traditional selling season to one that runs hot throughout the year.

The 2020 price increase was more than double 2019's and above CoreLogic's year-ago prediction, but its forecast for 2021 puts the pace at just one-third of last year’s.

U.S. new-home sales rose in December for the first time in five months, capping the best year since 2006 and signaling that record-low mortgage rates continue to drive demand for a sector that’s been a bright spot in the economy.