{"id":18147,"date":"2020-11-30T13:41:17","date_gmt":"2020-11-30T13:41:17","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18147"},"modified":"2020-11-30T13:41:17","modified_gmt":"2020-11-30T13:41:17","slug":"top-new-home-markets","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/top-new-home-markets\/","title":{"rendered":"Top New-Home Markets"},"content":{"rendered":"

Top New-Home Markets<\/h1>\n
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More buyers are being drawn to new-home construction during the pandemic. Construction of single-family homes last month soared to the highest level since the spring of 2007. New-home construction is up 8.6% from a year ago, the Commerce Department reported last week.<\/p>\n

The top performing new-home markets in October were Raleigh. N.C.; Denver; and Jacksonville, Fla., according to Zonda\u2019s New Home Pending Sales Index, which reflects the number of new-home sales contracts signed nationwide. (Zonda is a research firm formerly known as Meyers Research.) Builders in these markets are selling homes at a quick pace and also pulling an increasing number of new permits, which indicates future construction.<\/p>\n

The local economies in Denver and Jacksonville are outperforming the national average, with an estimated 60% and 65% of all the jobs lost in March and April now recovered, respectively, according to Zonda\u2019s report. For comparison, the national average is 54%.<\/p>\n

\u201cAs COVID-19 hospitalizations rise and parts of the country start shutting down again, housing plays an even greater role in our life,\u201d says Ali Wolf, chief economist at Zonda. \u201cLooking into 2021, however, some builders are expressing caution over the sustainability of the current growth rates due to limited inventory and some affordability concerns.\u201d<\/p>\n

The largest upticks in new-home sales in October, according to Zonda\u2019s Pending Sales Index, are in:<\/p>\n

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  1. Raleigh, N.C.: 81.7% (year-over-year gain)<\/li>\n
  2. Denver: 69.3%<\/li>\n
  3. Jacksonville, Fla.: 68.4%<\/li>\n
  4. Atlanta: 66.4%<\/li>\n
  5. Washington, D.C.: 58.9%<\/li>\n
  6. Austin, Texas: 56.5%<\/li>\n
  7. Dallas: 43.7%<\/li>\n
  8. Tampa, Fla.: 39.7%<\/li>\n
  9. Philadelphia: 38.6%<\/li>\n
  10. Houston: 37.7%<\/li>\n
  11. Seattle: 32.8%<\/li>\n
  12. San Antonio: 32.4%<\/li>\n
  13. Salt Lake City: 32.3%<\/li>\n
  14. San Francisco: 31.8%<\/li>\n
  15. Orlando, Fla.: 31.7%<\/li>\n
  16. Phoenix: 28.8%<\/li>\n
  17. Las Vegas: 25.6%<\/li>\n
  18. Los Angeles\/OC: 24.4%<\/li>\n
  19. Cincinnati: 15.9%<\/li>\n
  20. New York: 5%<\/li>\n<\/ol>\n

    Read about how the existing-home market is faring: Homes Sales Are on Fire, Up 27% From a Year Ago<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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    Source:<\/div>\n
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    Zonda <\/a><\/div>\n
    \u00a9National Association of REALTORS\u00ae
    \nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Top New-Home Markets More buyers are being drawn to new-home construction during the pandemic. Construction of single-family homes last month soared to the highest level since the spring of 2007. New-home construction is up 8.6% from a year ago, the Commerce Department reported last week. The top performing new-home markets in October were Raleigh. N.C.; … <\/p>\n

    Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18147","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nTop New-Home Markets - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/top-new-home-markets\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/top-new-home-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/top-new-home-markets\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Top New-Home Markets\",\"datePublished\":\"2020-11-30T13:41:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/top-new-home-markets\\\/\"},\"wordCount\":288,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/top-new-home-markets\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/top-new-home-markets\\\/\",\"name\":\"Top New-Home Markets - 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