{"id":20122,"date":"2022-03-01T13:46:58","date_gmt":"2022-03-01T13:46:58","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20122"},"modified":"2022-03-01T13:47:00","modified_gmt":"2022-03-01T13:47:00","slug":"affordability-in-the-new-home-market-is-dwindling-fast","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/","title":{"rendered":"Affordability in the New-Home Market Is Dwindling Fast"},"content":{"rendered":"\n<p>Affordability in the New-Home Market Is Dwindling Fast<\/p>\n\n\n\n<p>New-home buyers are facing even steeper prices. The median sales price of a newly built single-family home rose to $423,300 in January, up more than 13% from a year ago, according to data from the National Association of Home Builders. Higher development costs and rising prices for construction materials are to blame, builders say. \u201cNew-home prices continue to rise as the cost of materials increases,\u201d says NAHB Chief Economist Robert Dietz. \u201cHigher mortgage rates will slow homebuying demand over the course of 2022, and the <a href=\"https:\/\/magazine.realtor\/daily-news\/2022\/02\/25\/how-russia-ukraine-war-could-affect-us-housing-economy\">Russia-Ukraine crisis will add short-term volatility<\/a> to the bond market.\u201d<\/p>\n\n\n\n<p>Sales of newly built single-family homes decreased 4.5% month over month in January, the Census Bureau and Department of Housing and Urban Development reported Thursday. However, buyer demand remains high while inventory is limited, builders say. \u201c<a href=\"https:\/\/magazine.realtor\/daily-news\/2022\/02\/18\/supply-chain-woes-slowing-home-builders\">Builders are grappling with supply-chain issues<\/a> that are extending construction times and increasing costs,\u201d says NAHB Chairman Jerry Konter. \u201cPolicymaking needs to focus on alleviating production bottlenecks, particularly as it relates to lumber and other building materials.\u201d<\/p>\n\n\n\n<p>Despite the challenges, new-home sales are up 34.4% over a year ago. But builders say material and pricing bottlenecks are preventing them from ramping up production.<\/p>\n\n\n\n<p>Regionally, new-home sales posted drops in three out of the four major regions of the U.S. last month, led by a 10.7% decrease in the Northeast, a 7.4% drop in the South, and a 3.7% decline in the Midwest. The West was the only region of the U.S. to post an increase last month, with new-home sales rising 1.2%. Source:\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/nahbnow.com\/2022\/02\/january-new-home-sales-lower-but-still-solid-as-interest-rates-rise\/\" target=\"_blank\">National Association of Home Builders<\/a><\/p>\n\n\n\n<p>\u00a9National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Affordability in the New-Home Market Is Dwindling Fast New-home buyers are facing even steeper prices. The median sales price of a newly built single-family home rose to $423,300 in January, up more than 13% from a year ago, according to data from the National Association of Home Builders. Higher development costs and rising prices for &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/\">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-20122","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":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Affordability in the New-Home Market Is Dwindling Fast - 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\/affordability-in-the-new-home-market-is-dwindling-fast\/\" \/>\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\\\/affordability-in-the-new-home-market-is-dwindling-fast\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/affordability-in-the-new-home-market-is-dwindling-fast\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Affordability in the New-Home Market Is Dwindling Fast\",\"datePublished\":\"2022-03-01T13:46:58+00:00\",\"dateModified\":\"2022-03-01T13:47:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/affordability-in-the-new-home-market-is-dwindling-fast\\\/\"},\"wordCount\":275,\"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\\\/affordability-in-the-new-home-market-is-dwindling-fast\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/affordability-in-the-new-home-market-is-dwindling-fast\\\/\",\"name\":\"Affordability in the New-Home Market Is Dwindling Fast - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Affordability in the New-Home Market Is Dwindling Fast - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Affordability in the New-Home Market Is Dwindling Fast","datePublished":"2022-03-01T13:46:58+00:00","dateModified":"2022-03-01T13:47:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/"},"wordCount":275,"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\/affordability-in-the-new-home-market-is-dwindling-fast\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/","name":"Affordability in the New-Home Market Is Dwindling Fast - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","isPartOf":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website"},"datePublished":"2022-03-01T13:46:58+00:00","dateModified":"2022-03-01T13:47:00+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/affordability-in-the-new-home-market-is-dwindling-fast\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.anthonydidonato.net\/wordpress\/"},{"@type":"ListItem","position":2,"name":"Affordability in the New-Home Market Is Dwindling Fast"}]},{"@type":"WebSite","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website","url":"http:\/\/www.anthonydidonato.net\/wordpress\/","name":"Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","description":"Properties and Real Estate for Sale","publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/www.anthonydidonato.net\/wordpress\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","url":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","contentUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","caption":"admin"},"logo":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg"},"description":"For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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