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St. Louis Real Estate Search

 

New Home Construction In Midwest Finishes Out 2014 Ahead of 2013

After struggling for years, new home construction in the Midwest finished out 2014 with a little more home building activity than the prior year and on a pace that makes me feel pretty optimistic about 2015 for the home building industry. […]

Which St Louis Neighborhoods Had The Most Homes Sold in 2014?

The 63376 zip code area of St Charles County, which includes the City of St. Peters and a portion of Cottleville, had the most homes sold in 2014 of any other zip code area in St Louis with 1,145 homes sold. For the zip area with the second most homes sold in 2014 we jump […]

St Louis New Home Sales Up Over 12 Percent In November From Year Ago

St Louis New Home Sales in November 2014 increased 12.5% from November 2013 and, as would be expected given the time of year, decreased about 8% from the month before. New home sales in St Louis out performed new home sales in the Midwest Region as a whole as the region saw 4,000 new home […]

New Home Construction In Midwest Increases In November as Does Home Size

New home construction starts in the Midwest during November occurred at a seasonally adjusted, annual rate, of 107,000 homes, an increase of 5.9 percent from the month before and a decline of 10.1 percent from November 2013, according to the latest data released by the U.S. Census Bureau. Year to date through the end of […]

St Louis New Home Sales Slip Slightly In October

St Louis New Home Sales in October 2014 slipped 3.8% behind October 2013 but increased a little over 16% from the month before. The St Louis new home sales activity followed suit with the Midwest Region of the U.S. which saw a 15.8% increase in new home sales activity in October from the month before […]

New Home Construction Slows In The Midwest

New Home Construction in the Midwest Region of the U.S. slowed in October with new home building permits being used at a seasonally-adjusted annual rate of 102,000 homes, a decline of 3.8% from September but a 4.1% increase from October 2014, according to data released today by the U.S. Census Bureau and HUD. Year to […]

St Louis New Home Building Permits Increase In September

St Louis new home building permits issued in September increased by 6 percent from a year ago for the 5-county core area of St Louis (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin), according to data just released by the Home Builders Association of St. Louis & Eastern Missouri. […]

St Louis New Home Sales In September Increase Slightly From Last Year

St. Louis new home sales in September 2014 increased 3.26% from September 2013 while the average St Louis new home sales price increased 10.97% during the same period, according to the latest data from Maris.

On a national level, new home sales in September 2014 were up 17% from September 2013 and in the Midwest […]

Where The Real Estate Market Is Headed In 2015

Around this time of year every year, people start asking me “Where is the real estate Market headed next year?” The real estate market is affected by so many factors that predictions on what the market will do are hard, however there are some basic fundamentals that can be looked at to make a good educated guess. One of the industry experts out there that I think does a good job at this and, offers a somewhat less biased look at the market than some, is Frank Nothaft, Chief Economist at Freddie Mac. Below are highlights of his most recent report on the outlook of the housing market along with my comments relating his projection to our St Louis market: […]

St Louis New Home Building Permits Drop In August

The number of new home building permits in St Louis dropped in August 12 percent from July and were down 2 percent from August 2013, according to the latest date from the Home Builders Association for St Louis and Eastern Missouri.   There were a total of 287 permits issued for the 5-county core market […]

Home Builders Optimism Regarding New Home Market Hits Highest Level In Almost 9 Years

The new home market is improving and home builders indicate they have more confidence in the new home market now than they have had since November 2005, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.  According to the HMI, home builders confidence is presently at 59, the highest level […]

Midwest New Home Sales Slip in July

New home sales in the midwest region of the U.S. slipped in July with new home sales coming in at the seasonally-adjusted annual rate of 52,000 homes, down 8.8% from a rate of 57,000 homes the month before and down 1.9% from July 2013, according to data released today by the U.S. Census Bureau.  Year […]

$1,000 Increase In New Home Price Takes Over 200,000 Buyers Out Of The Market

A new study by the National Association of Home Builders (NAHB) reveals for each $1,000 increase in the price of a new home (median-priced new home) forces 206,000 prospective home buyers out of the market. […]

Kitchen and Master Bedroom Most Important Features to Todays New Home Buyer

Today’s new home buyer’s most important features are the kitchen and master bedroom, according to a survey conducted by PulteGroup. The kitchen was chosen as the most important feature in a new home by 29% of those surveyed, followed by the master bedroom with 22% picking that as their top feature. So, the bottom line […]

New Home Sales In Midwest Up Almost 6 Percent In May From Last Year

New home sales in the midwest region during May 2014 increased 5.7 percent from a year ago, according to the latest information from the U.S. Census Bureau. New homes sales in the midwest region of the U.S. were at a seasonally-adjusted annual rate of 74,000 homes during May. New home sales for the month before, […]

New Home Building Permits Increase During May in the Midwest

New home building permits issued in the Midwest region of the U.S. in May was up 1 percent (seasonally adjusted) from a year ago and increased 7.3 percent from the month before, accordion to the latest data released by the U.S. Census Bureau.  On a national level, new home building permits issued in May were down […]

New Home Construction Needs to Increase to Match Job Growth According to REALTORS®

New home construction is not keeping up with demand in most of the U.S. and could even lead to “persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation”, according to a newly released analysis by the National Association of REALTORS® (NAR).

Lawrence Yun, NAR’s chief economist, discussed […]

Characteristics of New Homes Built in 2013

There were 569,000 new homes (single-family) completed in the U.S. last year. So what are popular features and finishes in new homes today? What does the “typical” new home have? Below is a summary of some of the characteristics of the new homes built in 2013 as detailed in a report by the U.S. Census Bureau: […]

New Home Sales In the Midwest Up 35 Percent From Year Ago

New home sales in the midwest in April increased 35.5 percent from a year ago, according to the latest information from the U.S. Census Bureau. New homes sales in the midwest region of the U.S. were at a seasonally-adjusted annual rate of 84,000 homes, an increase of 47.4% from March’s rate of 57,000 homes.

The […]

New Home Building Permits In 2014 Off To Slower Start Than 2013

New home building permits issued in the St Louis metro area during the 1st quarter of this year were down slightly (4%) from the first quarter of 2013, according to the latest data released by the U.S. Census Bureau. According to the Census Bureau, there were 979 permits issued for new single family homes in the St Louis MSA during the first quarter of 2014, down 4 percent from the same period for 2013 when there were 1,024 permits issued. […]

New Home Sales Slide In March

New home sales here in the midwest slid over percent (21.5) in March from the month before making the midwest the region of the US with the biggest decline in new home sales from February with the west being next with a decline of 16.7 percent. This is on the heels of a 36.7% increase […]

New Home Sales In The Midwest Spike In February

New home sales in the midwest region of the U.S. shot up 36.7 percent in February from the month before and was up 1.5 percent from February 2013, according to a report just released by the U.S. Commerce Department.  New home sales in the Midwest were at a seasonally-adjusted annual rate of 67,000 homes, up […]

New Home Construction In Midwest off to slow start in 2014

New Home Construction in the midwest region of the U.S. is off to a slow start for 2014, according to newly released new home construction report from the U.S. Census Bureau.  According to the report, new home construction starts of single-family homes in the midwest during February  was at a seasonally-adjusted annual rate of 76,000 […]

St Louis Real Estate Market Outlook 2014

What is the St Louis real estate market outlook for 2014?  Where are home prices and sales headed? Are we out of the slump and on the path to recovery in the St Louis housing market?  What about St Louis new home construction activity and St Louis new home sales? 

I had the pleasure this morning […]

Midwest New Home Sales Plummet In November

After a 34 percent increase in October from the month before, Midwest new home sales gave back a chunk of the gain in November, falling 26.6 percent from October. New home sales in the midwest region of the U.S. in November were at a seasonally adjusted annual rate of 47,000 homes, down from a rate […]

St Louis Area New Home Construction Up 25 Percent From Year Ago

St Louis area new home construction activity continues to gain momentun with building permits issued for new homes for the period ended November 30, 2013 increasing 25% from the same period the year before.  As the table below shows, all St Louis area counties saw increases in building permits for the period.

Nationally, there were […]

Midwest New Home Sales In October Up Over 20 Percent From Year Ago

Midwest new home sales in October were at a seasonally adjusted annual rate of 63,000 homes, a 34.0 percent increase from September and an increase of 21.2 percent from a year ago, according to data just released by the U.S. Census Bureau and HUD. Nationally, new home sales in October were at an annual rate […]

St Louis Home Building Activity Up Almost A Third From Year Ago

St Louis home building activity is on the rise throughout the St Louis area, according to the latest data from the Home Builders Association of St Louis and Eastern Missouri. Building permits issued through September 2013 for new homes in the five counties that make up the bulk of our new home market have increased […]

How long does it take to build a new home in St Louis?

Would you like to buy a new home in St Louis but not sure if you have the time to wait for one to be built? Before the market crash there were plenty of “spec” homes (homes builder’s built on speculation, trusting a buyer would buy it after completed) for buyers to choose from but […]

New Home Sales in the Midwest Increase At Higher Pace than National Level

New home sales in the midwest in August were at a seasonally adjusted annual rate of 61,000 homes, a 19.6 percent increase from July and an increase of 15.1 percent from a year ago, according to data just released by the U.S. Census Bureau and HUD. On a national level, new home sales in August […]