New Home Sales Surge Across Southeast Despite COVID-19

    MarketNsight Reports Despite COVID-19, New Home Sales Surge Across Southeast

    MarketNsight reports May and June pending new home sales were up 30% over 2019 sales and, so far, July is averaging more than 30% over last year. Even as COVID-19 (coronavirus) cases continue to rise, homebuyers are buying in unprecedented numbers. According to MarketNsight and ViaSearch President John Hunt, Atlanta's new home pending sales are up 13% over last year. MarketNsight[...]

    MarketNsight Atlanta Pending Home Sales Surpass June Records

    MarketNsight Reports Atlanta Pending Home Sales Continue to Surpass June Records

    MarketNsight reports June new Atlanta pending home sales continue to exceed 2019 sales, even as COVID-19 (coronavirus) Georgia cases continue to increase. According to MarketNsight and ViaSearch President John Hunt, week three of June 2020 was up 31% year-to-year with a lag and will be up 43% year to year when the lag is accounted for. The first three weeks of[...]

    MarketNsight New Pending Sales Up

    MarketNsight Reports New Pending Home Sales Up 20% First Week of June

    MarketNsight recently hosted its June MarketWatch Atlanta event virtually on ZOOM giving a state of the market and predictions for the remainder of the year. Over 800 signed up for the event. MarketNsight and ViaSearch President John Hunt reiterated the current unprecedented times and that it is difficult to forecast exactly what might happen the rest of the year; however,[...]

    MarketNsight Reveals New Pending Sales Up 18% Over Last Year

    MarketNsight Reveals New Pending Sales Up 18% Over Last Year

    MarketNsight is cautiously releasing data showing that new pending sales in the first half of May 2020 are up 18% over the same period the year before. “We are all learning through this,” MarketNsight Principal John Hunt said. “Perhaps the biggest lesson is that you can actually sell new homes in the middle of a pandemic.” “We reported last week that after[...]

    MarketNsight Announces May 2020 Sales Up Over Last May

    MarketNsight Announces May 2020 Sales Up Over Last May

    MarketNsight is pleased to announce that May 2020 pending new home sales are up 10% over May 2019 pending sales for the first week of the month. According to MarketNsight Principal John Hunt, pent-up demand is causing pending sales to increase year-over-year (YOY). “We are in uncharted territory, and we really have been since the great recession,” Hunt said. “With all[...]

    MarketNsight Announces Atlanta April New Pending Sales on Par with 2019

    MarketNsight Announces Atlanta April New Pending Sales on Par with 2019

    MarketNsight recently announced a state of the Atlanta new home market at April’s month-end. Compared to the same four months of data in 2019, the final results of January through April 2020 are almost a wash. “Sales from January 2020 through the first week of March 2020 were so exceptional that it has compensated for the negative effects of COVID-19 (coronavirus)[...]

    MarketNsight Announces Best May for New Home Sales since Downturn

    MarketNsight Announces Best May for New Home Sales since Downturn

    MarketNsight Principal John Hunt recently projected that May new construction pending sales would be up 12% from 2018 closings. Opportunely, once all of the data was in, May pending new home sales were up a whopping 28% year-over-year! “In fact, this is the highest number of pending sales for May since the great recession,” Hunt said. “This is a big deal!” Hunt’s[...]

    MarketNsight Presents MarketWatch Atlanta

    MarketNsight Presents MarketWatch Atlanta

    MarketNsight recently hosted its biannual MarketWatch Atlanta event releasing data on the state of the Atlanta new home industry to a crowd of more than 400 home builders, developers, bankers, Realtors and others in the industry. MarketNsight and ViaSearch President John Hunt gave an overview of the Atlanta housing market and shared predictions for the remainder of the year. At the[...]

    housing economy

    Get the Latest Housing Economy Updates from MarketNsight

    If you are a builder, Realtor, developer or lender who wants to take your knowledge of the housing market to the next level, be sure to follow MarketNsight on Facebook, Twitter and Instagram. As a result of decades of research, housing economy expert and MarketNsight principal, John Hunt, provides excellent data and insights that can help housing industry professionals make[...]