[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2o6ts55yh55u0":3,"$ffeh0925h8cuz":55,"$f2emv3tus0uf1":59,"$fbwk2pqjjqsc7":63},{"item":4,"previous":43,"next":49},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":41,"updatedAt":42},1191,"new-home-sales-up-12-7-from-last-year","New Home Sales Up 12.7% From Last Year","According to the latest \u003Cem>\u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fconstruction\u002Fnrs\u002Fpdf\u002Fnewressales.pdf\">New Residential Sales Report\u003C\u002Fa>\u003C\u002Fem> from the \u003Cem>Census Bureau\u003C\u002Fem>, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F09133207\u002F20181010-Share-STM.jpg","According to the latest \u003Cem>\u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fconstruction\u002Fnrs\u002Fpdf\u002Fnewressales.pdf\">New Residential Sales Report\u003C\u002Fa>\u003C\u002Fem> from the \u003Cem>Census Bureau\u003C\u002Fem>, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).\u003C!--more-->\r\n\r\nThe report also showed that builders have ramped up construction with an increase in new construction starts and completions. The summer months are often a busy time for builders as they capitalize on the warmer weather to be able to finish projects.\r\n\r\nBelow is a table showing the change in starts, completions, and sales from last August.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG1.jpeg\">\u003Cimg class=\"alignnone wp-image-38265\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG1.jpeg\" alt=\"New Home Sales Up 12.7% From Last Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nOther notable news from the report is that the percentage of new construction sales in the $200-$299k range has continued to break away from the $300-$399k range.\r\n\r\nThis shows that builders are starting to build lower-priced homes that will help alleviate some of the inventory challenges in the starter and trade-up home categories. The chart below shows the full breakdown.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG2.jpeg\">\u003Cimg class=\"alignnone wp-image-38266\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG2.jpeg\" alt=\"New Home Sales Up 12.7% From Last Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>What does this mean for buyers and sellers? \u003C\u002Fstrong>\u003C\u002Fh4>\r\nIf you are thinking of buying or selling in today’s market, you no doubt have heard that there is a shortage of existing homes for sale which has been driving home prices up across the country. The additional new construction coming to the market could help alleviate this shortage, but we are still not back up to pre-crisis levels.","According to the latest \u003Cem>\u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fconstruction\u002Fnrs\u002Fpdf\u002Fnewressales.pdf\">New Residential Sales Report\u003C\u002Fa>\u003C\u002Fem> from the \u003Cem>Census Bureau\u003C\u002Fem>, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).\u003C!--more-->\r\n\r\nThe report also showed that builders have ramped up construction with an increase in new construction starts and completions. The summer months are often a busy time for builders as they capitalize on the warmer weather to be able to finish projects.\r\n\r\nBelow is a table showing the change in starts, completions, and sales from last August.\r\n\r\n\u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG1.jpeg\">\u003Cimg class=\"alignnone wp-image-38265\" src=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG1.jpeg\" alt=\"New Home Sales Up 12.7% From Last Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nOther notable news from the report is that the percentage of new construction sales in the $200-$299k range has continued to break away from the $300-$399k range.\r\n\r\nThis shows that builders are starting to build lower-priced homes that will help alleviate some of the inventory challenges in the starter and trade-up home categories. The chart below shows the full breakdown.\r\n\r\n\u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG2.jpeg\">\u003Cimg class=\"alignnone wp-image-38266\" src=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG2.jpeg\" alt=\"New Home Sales Up 12.7% From Last Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>What does this mean for buyers and sellers? \u003C\u002Fstrong>\u003C\u002Fh4>\r\nIf you are thinking of buying or selling in today’s market, you no doubt have heard that there is a shortage of existing homes for sale which has been driving home prices up across the country. The additional new construction coming to the market could help alleviate this shortage, but we are still not back up to pre-crisis levels.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F20181010-STM-ENG1.jpeg",false,[17,21,25,29,33,37],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices",{"id":30,"name":31,"slug":32},11,"First-Time Buyers","first-time-buyers",{"id":34,"name":35,"slug":36},38,"Move-Up","move-up",{"id":38,"name":39,"slug":40},45,"New Construction","new-construction","2018-10-10T10:00:44Z","2018-12-11T10:48:20Z",{"id":44,"slug":45,"title":46,"featuredImage":47,"publishedAt":48,"contentType":10,"isVideo":15},1190,"whats-going-on-with-home-prices","What’s Going On With Home Prices?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F04154451\u002F20181009-Share-STM.jpg","2018-10-09T10:00:04Z",{"id":50,"slug":51,"title":52,"featuredImage":53,"publishedAt":54,"contentType":10,"isVideo":15},1192,"dispelling-the-myth-about-home-affordability","Dispelling the Myth About Home Affordability","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F09143106\u002F20181011-Share-STM.jpg","2018-10-11T10:00:35Z",{"cover":56,"open":57,"shareSpread":58},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":60,"open":61,"shareSpread":62},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[64,68,69,70,74,78,79,80,84,88,89,93,97,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154,158,162],{"id":65,"name":66,"slug":67},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":71,"name":72,"slug":73},7,"Foreclosures","foreclosures",{"id":75,"name":76,"slug":77},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":81,"name":82,"slug":83},34,"Senior Market","senior-market",{"id":85,"name":86,"slug":87},35,"Mortgage Rates","mortgage-rates",{"id":34,"name":35,"slug":36},{"id":90,"name":91,"slug":92},41,"For Sale by Owner","for-sale-by-owner",{"id":94,"name":95,"slug":96},42,"Featured","featured",{"id":38,"name":39,"slug":40},{"id":99,"name":100,"slug":101},52,"Luxury \u002F Vacation","luxury--vacation",{"id":103,"name":104,"slug":105},53,"Rent vs. Buy","rent-vs-buy",{"id":107,"name":108,"slug":109},80,"Time-sensitive","time-sensitive",{"id":111,"name":112,"slug":113},81,"Outdated","outdated",{"id":115,"name":116,"slug":117},147,"Internal","internal",{"id":119,"name":120,"slug":121},148,"Do Not Autopost","do-not-autopost",{"id":123,"name":124,"slug":125},320,"Inventory","inventory",{"id":127,"name":128,"slug":129},321,"Agent Value","agent-value",{"id":131,"name":132,"slug":133},322,"Affordability","affordability",{"id":135,"name":136,"slug":137},323,"Buying Tips","buying-tips",{"id":139,"name":140,"slug":141},324,"Downsize","downsize",{"id":143,"name":144,"slug":145},325,"Economy","economy",{"id":147,"name":148,"slug":149},326,"Equity","equity",{"id":151,"name":152,"slug":153},327,"Forecasts","forecasts",{"id":155,"name":156,"slug":157},328,"Selling Tips","selling-tips",{"id":159,"name":160,"slug":161},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":163,"name":164,"slug":165},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]