Builders started on fewer single-family houses, condos, and apartments last month, as they continue to move carefully when adding inventory to the housing supply, according to a newly released Census Bureau report.
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“It’s a major reason we have low inventory and limited sales growth,” says the CEO of a nationwide brokerage.
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The two companies are recognized on CNBC’s second annual Disruptor 50 list, which spotlights companies whose “innovations are revolutionizing the business landscape.”
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Builders are increasingly reaching out to real estate professionals, hoping to build ties relationships so that agents will bring them more qualified buyers for their new-home inventories.
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Interest rates rose last week, prompting a sharp fall in applications for home mortgages.
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New research has determined that the more walkable space a city has, the more wealth-generating square footage it has as well.
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