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Sales top 5,000 in 2021

StickyFeb 28, 2022Tracy Cross & AssociatesMarket Highlights

Tracy Cross & Associates, Inc.4th Quarter 2021 Builders sold a total of 5,477 new homes in the Chicago metropolitan region in 2021, topping the 5,000-unit mark for the first time since 2008 when 6,361 net contracts were written.  Sales activity in 2021 reflected a 10 percent increase compared to the 4,993 homes sold in 2020, […]

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Homebuilders ride housing boom to new high

Feb 14, 2022Tracy Cross & AssociatesUncategorized

New-home sales have surged in each of the past two years in the Chicago area, despite prices that have also been rising fast. Dennis Rodkin Crain’s Chicago Business February 10, 2022 Jolted out of a decade-long doldrums by a housing boom the pandemic ignited, Chicago-area builders sold more newly built homes last year than in […]

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New-home sales fade after pandemic jump

Nov 15, 2021Tracy Cross & AssociatesIn The News

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 […]

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High costs, low supply dampen new-home sales

Aug 19, 2021Tracy Cross & AssociatesIn The News

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 […]

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Hot housing market pushes up prices of new homes

May 4, 2021Tracy Cross & AssociatesIn The News

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 […]

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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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New-home sales jump in suburbs

Aug 4, 2020Tracy Cross & AssociatesIn The News

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 […]

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COVID-19 hits new-home sales

May 18, 2020Tracy Cross & AssociatesIn The News

“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 […]

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Recent Posts

  • Sales top 5,000 in 2021
  • Homebuilders ride housing boom to new high
  • New-home sales fade after pandemic jump
  • High costs, low supply dampen new-home sales
  • Hot housing market pushes up prices of new homes
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