For Week Ending April 20, 2024
U.S. residential housing starts unexpectedly declined as of last measure, falling 14.7% from the previous month to a seasonally adjusted annual rate of 1.32 million units, according to the U.S. Census Bureau. Building permits and housing completions were also down month-over-month, sliding 4.3% and 13.5%, respectively, as higher interest rates and rising construction and development costs continue to impact homebuilders.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 20:
- New Listings increased 0.6% to 1,380
- Pending Sales increased 2.1% to 978
- Inventory increased 14.8% to 7,444
FOR THE MONTH OF MARCH:
- Median Sales Price increased 2.8% to $366,000
- Days on Market decreased 6.9% to 54
- Percent of Original List Price Received increased 0.2% to 98.8%
- Months Supply of Homes For Sale increased 26.7% to 1.9
All comparisons are to 2023
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.