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New-home sales plummet in the city, surge in the suburbs

Feb 2, 2021Tracy Cross & AssociatesHome

Sales in Chicago dropped to their lowest in 25 years in 2020 while climbing to a 12-year high in the suburbs. Dennis Rodkin Crain’s Chicago Business February 02, 2021 This new four-bedroom house on Cedarwood Lane in the Cambridge Lakes development in Pingree Grove sold for just under $324,000 in December.  Sales of new-construction homes […]

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Booming housing market buoys privately held homebuilders

Feb 1, 2021Tracy Cross & AssociatesHome

Private homebuilders dominated the local market almost up until the housing crash of 2008-09; publicly traded companies have had the upper hand since then. But the dynamics are now shifting. H. Lee Murphy Crain’s Chicago Business February 01, 2021 Homebuilders around Chicago are enjoying the best sales they’ve had in more than a decade. The […]

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Homebuilders are having their best year since 2008

Nov 4, 2020Tracy Cross & AssociatesHome

More new homes sold in the first three quarters of 2020 than any comparable period in a dozen years. The sales growth is entirely suburban. Dennis Rodkin Crain’s Chicago Business November 02, 2020 This newly built house on Bristle Cone Drive in the Woodlore subdivision in Crystal Lake sold in August for just under $388,000 […]

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Recent Posts

  • The housing boom was more like a blip for local homebuilders
  • Sales slow during 1st half 2022
  • Dwindling supply, strong demand push new-home prices to record
  • Developer lands $66 million loan for suburban townhome rental project
  • Prices of new homes soar as demand goes ‘off the rails’
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