Construction of New Homes Improves, but Home Builders Still Struggle With Lack of Labor and Materials

The numbers: Home-construction activity continued to improve in June, but home builders are facing tough choices in a challenging market. U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.64 million in June, representing a 6.3% increase from the previous month’s downwardly-revised figure, the U.S. Census Bureau reported Tuesday. Compared with…

June home sales and price report

For release: July 16, 2021 Despite a new record price, growth slowed and pending sales dipped for first time since May 2020, C.A.R. reports Existing, single-family home sales totaled 436,020 in June on a seasonally adjusted annualized rate, down 2.2 percent from May and up 28.3 percent from June 2020. June’s statewide median home price…

Fair Housing California

Initiatives Good fair housing practices are essential for a compliant and professional real estate business. REALTORS®, as the first point of contact for many home buyers and sellers can make a huge difference in someone’s homeownership journey. With underserved communities facing additional homeownership challenges and racial homeownership gaps that remain stubbornly large; REALTORS® as stewards…

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