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Texas new home sales, prices, sales pace bounce higher

Texas new home sales, prices, sales pace bounce higher
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Texas new home sales, prices, sales pace bounce higher

Texas new home sales, prices, sales pace bounce higher
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Texas new homes selling at a record pace, prices spike

Texas new homes selling at a record pace, prices spike HomesUSA.com reports “inventory squeeze” lowers Days on Market, fewer active listings, and auction-style sales anticipated April 20, 2021 11:00 ET | Source: HomesUSA.com HomesUSA.com DALLAS, April 20, 2021 (GLOBE NEWSWIRE) Texas home builders are facing extraordinary demand for new homes, which are selling at a record pace and causing prices to jump, HomesUSA.com reported today. The 12-month moving average for Days on Market dropped from 100 days to 86.54 days in the last six months, with the three-month average at 76.54 days, according to the HomesUSA.com News Home Sales Index. It’s the fastest sales pace of new homes since HomesUSA.com started reporting Days on Market data in 2017.

Building a stronger recovery from ground up

Liberal Party of Australia “Valley of death” was the grim assessment for the residential construction industry by Master Builders Australia chief executive Denita Wawn, as she assessed the impact on demand caused by the pandemic early last year. The shockwave of the pandemic hit every corner of an industry that every year generates more than $100bn, or about 5 per cent, of our annual economic output, while supporting the jobs of more than one million Australians. This impact followed the understandable reaction of many homebuyers who pulled back from building a new home or undertaking a renovation in the uncertain early days of COVID.

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