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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]