Housing inventory

Oklahoma City area homebuilders are building more houses than they have in seven years, but the market keeps soaking them up, as well as previously owned homes — amid a pandemic and rolling business shutdowns.

New-home sales in the U.S. held up in October, remaining near the best pace since 2006 and well above pre-pandemic levels, the latest sign that record-low mortgage rates are underpinning robust buyer interest.

Default risks soar in minority neighborhoods during challenging economic times because, data shows, homes there are overpriced relative to incomes. Zoning and other changes could make loans more affordable by boosting housing stock and driving down prices.

Tampa Bay's real estate market continued to charge forward in October, marking the fifth straight month of mostly robust numbers since the onset of the pandemic slowed down sales this spring.

Despite a tightening stock of homes on the market, home sales surged 38% last month in the Sarasota-Manatee, Fla., region.

The widening chasm between housing supply and demand drove sales to record growth and prices to a seven-year high in October, according to Redfin.

New-home construction maintained its momentum in October while possible site shutdowns loom.

Homes in some parts of the country spent as little as 20 days on the market, while the U.S. housing supply hit just 1.7 months in October, according to Remax.

Homebuilder confidence jumped in November, hitting another record high as buyers swarmed sales offices to take advantage of the lowest mortgage rates in history.

The coronavirus pandemic has made for a rough year for a number of industries in Central Texas, but the home construction sector hasn't been one of them.