By the Numbers

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

Builder confidence falls for ninth consecutive month 

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

Atlanta leads U.S. in intown apartment development 

Atlanta’s urban core saw more multifamily units delivered over the last 10 years than any city in the U.S., a StorageCafe study finds. 

30-year fixed tops 6% for first time since 2008 in latest MBA survey 

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

GAMLS: Atlanta median sales price falls back below $400,000 in August 

The median price first topped $400,000 in May, when it rose 3.6% from April to hit $409,400. It rose again in June to $411,375 before beginning its retreat last month. 

Atlanta Housing Scorecard: Housing starts surge while existing-home sales slide

Nationally, builder confidence posted a steep decline.

St. Bourke: Despite slowdown, Gwinnett retains new-housing crown 

In the second quarter, Gwinnett County was once again head and shoulders above its neighbors in terms of housing starts, closings and lot deliveries, according to a new report. 

Pending home sales decline for second consecutive month in July 

The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS® said. 

New-home sales plunge 12.6% in July 

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

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