Learn today, plan for tomorrow.
Sign up for news and offers from Planetizen Courses, the online learning platform for planners.
New Homes Selling Like Hotcakes
New homes, located mostly on the fringe of developed areas, are selling at a torrid pace this summer.
"A sharp decline in the supply of existing homes for sale, increasing consumer preference for brand-new, high-tech homes with all the amenities for working and schooling, as well as an accelerating flight to the suburbs and exurbs," combined to make the "perfect storm" for new home builders in June, according to an article by Diana Olick.
News that sales of newly built homes jumped 55% over the totals from June 2019 comes from a monthly survey by John Burns Real Estate Consulting. "It was the largest annual gain since homebuilding began again following the epic housing crash a decade ago," according to Olick. "It is also the highest pace since the height of the unprecedented housing boom in 2005."
The Northeast and Florida led the trend in June.
Published on Monday, July 13, 2020 in
Topics
- Good Luck Buying a Small, Affordable Car in the United States
- Legal Challenge Brings Down the Plano Tomorrow Comprehensive Plan
- Rescuing Shared Bikes (and E-Scooters) During a Pandemic
- Walkability Plan, Including Parking Reform, Adopted in Houston
- A 10-Minute Walk to a Park for Your Health and Well-Being
- Not Just New York: Reports of an Urban Exodus From Houston
- Cities: Skylines as an Urban Planning Tool
- Lincoln Yards, Chicago's Controversial $6 Billion Mega-Project, Set to Break Ground
- Inclusionary Zoning Adopted in L.A. County
- Can Planners Advance Environmental Justice When Rebuilding Existing Locally Unwanted Land Uses?
- Criticism of San Jose's Plan to Add New Billboards to the City
- The Day after Plano Tomorrow
- Investment in Public Transit Could Reduce the Need for Police Traffic Enforcement
- Manhattan Residents Don't Want Empty Hotels to House the Vulnerable During the Pandemic
- Mobility-as-a-Service Still Searching for a Market Foothold
- Bogotá Commits to the Bicycle
- Transitioning from Tourism to Tech: San Diego's Path to Recovery
- After Decades of Failure, 1,000-Plus Homes Coming to the Balboa Reservoir in San Francisco
- Los Angeles City Planning Hires First Chief Equity Officer
- The Two Conflicting Sides of the Federal Approach to the Pandemic
