A lack of supply is the culprit, a housing analyst says. Dennis Rodkin Crain’s Chicago Business November 01, 2021 The pandemic put a bounce into sales of new homes in the Chicago area, but builders haven’t been able to keep up with demand, according to a new report. Homebuilders sold 1,067 new houses, townhouses and […]
Prices were up about $45,000, according to a consultant’s survey, but one homebuilder says that’s all taken up by the fast-rising cost of materials. Dennis Rodkin Crain’s Chicago Business August 5, 2021 Local new-home sales in the Chicago area lost much of their early 2021 vigor in the spring, largely because prices jumped as building-material […]
High demand and rising lumber costs mean buyers are paying tens of thousands of dollars more for newly constructed homes. Dennis Rodkin Crain’s Chicago Business May 04, 2021 New home sales, like virtually every other part of the housing market, were buoyant in the first quarter of the year in the Chicago area. More […]
Homebuilders had one of their best quarters locally in a dozen years. Dennis Rodkin Crain’s Chicago Business August 04, 2020 Sales of new homes soared in the second quarter in suburban Chicago, a new report shows, due in […]
“People stopped in their tracks” in March, typically the strongest month of the year. Dennis Rodkin Crain’s Chicago Business May 05, 2020 Sales of newly built homes fell locally in the first quarter, according to a report, pushed down […]