Tracy Cross & Associates, Inc.1st Quarter 2025 Production homebuilders in the Chicago metropolitan region registered 1,568 new construction home sales during the 1st Quarter 2025, a 10.4 percent increase compared to the 1,420 contracts written during the same three-month period in 2024, and a 30.0 percent jump when cast against the 1,206 units sold during […]
By Dennis RodkinMay 12, 2025Crain’s Chicago Business Credit: Dream Town Real EstateMost of the growth in sales was in attached housing, including townhouses and condos, such as this new 18-unit building on Ardmore Avenue in Edgewater. Chicago-area homebuilders had strong sales in the first quarter, one of the two strongest openers to a year in […]
By: Dennis RodkinFebruary 10, 2025Crain’s Chicago Business Credit: Daynae GaudioA photo rendering of a house in DR Horton’s Ashford Place development in Plainfield that sold for a little under $465,000 in December Homebuilding firms in late 2024 started the largest number of new-home communities in the Chicago area in more than a decade, which could […]
www.dailyherald.comSeptember 22, 2024Katlyn Smith Holladay Properties has built hundreds of upscale apartments in downtown Downers Grove, Lombard and Westmont. The developer’s new apartment building, within walking distance of the Glen Ellyn Metra train station, has a long list of amenities, starting with a hotel-style lobby with a fireplace. Adjacent to the lobby is a bicycle […]
By Dennis RodkinCrain’s Chicago BusinessAugust 27, 2024 Credit: VHT StudiosThis house on Park Avenue in Wilmette sold recently for $834,000. Housing affordability has been shrinking this summer, as prices rise faster than inflation. Welcome to Crain’s monthly look at the latest data on the Chicago-area housing market. From a three-day run of top-priced sales to […]
Dennis RodkinCrain’s Chicago BusinessMay 6, 2024 Credit: Little Realty This rendering shows the four-bedroom Sutcliffe model at M/I Homes’ Hawthorn Woods Country Club development. At least two sold during the first quarter, at $822,000 and $890,000. The number of new subdivisions under construction in the Chicago area is the lowest it’s been at any point […]
Dennis RodkinCrain’s Chicago BusinessFebruary 8, 2024 Credit: Re/Max Ultimate ProfessionalsBuyers paid a little under $570,000 in October for this five-bedroom house on Amarillo Boulevard at Lennar’s Elgin development called the Ponds of Stony Creek, one of the region’s biggest sellers of new construction homes in 2023. The super-low inventory of resale homes helped turn buyers […]
Dennis RodkinCrain’s Chicago BusinessNovember 06, 2023 Credit: Twin Vines Real Estate Services This new house on Lucent Lane in Naperville sold in October for just under $681,000. Four times in recent months, real estate agent Nikit Tailor’s clients have switched from looking for an existing home to buy to shopping the new-construction offerings, and all […]
Dennis RodkinCrain’s Chicago BusinessJuly 31, 2023 Credit: Re/Max ImpactThis house on Prospect Drive in Beechen & Dill’s Copper Ridge development in Lemont is for sale at just under $790,000. Chicago-area builders sold more new homes this spring than they have since 2008, thanks in large part to the paucity of existing homes for sale, according […]
Dennis RodkinCrain’s Chicago BusinessFebruary 22, 2023 When he announced his retirement from the pulpit of his 10,000-seat church on 114th Street in January, the Rev. James Meeks told the congregation how he plans to spend his retirement years: building homes in the neighborhood. A few weeks later, as Meeks stood on the corner of 118th […]