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 […]