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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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