By the Numbers

Could zoning changes help boost supply and balance the market?
Could zoning changes help boost supply and balance the market?

Expert panelists from Zillow’s Home Price Expectations Survey say if changes aren’t made, new construction growth will stall, home prices will continue to increase, and less of today’s 30-somethings will have the ability to own a home.

GAMLS: Atlanta-area housing inventory rises 3% in May
GAMLS: Atlanta-area housing inventory rises 3% in May

Despite the monthly increase, listings stayed near all-time lows, down 59.8% from 15,281 listings in May 2020. 

Atlanta Housing Scorecard: Housing starts, existing-home sales surge in May
Atlanta Housing Scorecard: Housing starts, existing-home sales surge in May

Housing inventory, meanwhile, remained significantly below year-ago levels in May.

NAHB: Shortest-commute locations see fastest homebuilding pace in Q1
NAHB: Shortest-commute locations see fastest homebuilding pace in Q1

Longer-commute areas continued to claim the largest market share in single-family homebuilding, but the construction growth rate was strongest in places with shorter commuting times, the National Association of Home Builders said, citing its quarterly Home Building Geography Index.

Zombie foreclosures up 21% across the country 
Zombie foreclosures up 21% across the country 

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).  

Builders report historic, broad-based levels of materials shortages 
Builders report historic, broad-based levels of materials shortages 

Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by. 

NAR: Pending home sales slide in April on tight inventory
NAR: Pending home sales slide in April on tight inventory

Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.

Mortgage applications drop 4% on higher rates in latest MBA survey
Mortgage applications drop 4% on higher rates in latest MBA survey

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

New home sales slide in April as prices continue to rise 
New home sales slide in April as prices continue to rise 

The median sales price of new homes sold in April was $372,400, up from $334,200 in March and $310,100 a year ago. 

S&P CoreLogic Case-Shiller: Atlanta home-price gains accelerate yet again 
S&P CoreLogic Case-Shiller: Atlanta home-price gains accelerate yet again 

Nationwide, the seasonally adjusted housing index rose 2% month over month in February and 13.2% year over year, up from a monthly increase of 1.2% in February. 

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