U.S. housing starts rose 4.6% month-over-month to a seasonally adjusted annual rate of 1,321,000 units, according to the U.S. Census Bureau. Single-family housing starts decreased 4.6% from the previous month to a seasonally adjusted annual rate of 883,000 units, while multi-family starts jumped 30.6% to 414,000 units.
In the Twin Cities region, for the week ending August 2:
- New Listings increased 2.0% to 1,514
- Pending Sales decreased 8.3% to 979
- Inventory increased 3.4% to 10,301
For the Month of June:
- Median Sales Price increased 2.8% to $401,000
- Days on Market increased 11.4% to 39
- Percent of Original List Price Received decreased 0.1% to 100.0%
- Months Supply of Homes For Sale increased 4.0% to 2.6