Number of New-Home Sales Dips Slightly in the U.S.

After recording four consecutive months of increases, the number of newly built single-family homes sold in the U.S. dipped in September, according to a report released Monday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

There were 959,000 sales of new single-family houses in September, 3.5% below August’s number of 994,000 and the lowest total since June, according to the data, which is seasonally adjusted to account for predictable and regular annual fluctuations in the housing market.

Despite the slight dip, September’s newly constructed family home transactions remained a notable 32.1% above the level recorded in 2019, when there were approximately 726,000 new single-family homes changing hands. 

The boom compared to last year reflects the surge of demand for homes that has emerged following coronavirus lockdowns. Buyers, having spent increased time indoors because of the pandemic, have reassessed their housing needs. More square footage,

Read More Sees Record Number of Bidders, Lots, and Auctions Last Week, Plus $28.9M in Sales; Antiques, Farm Equipment, and More Up for Sale Now

Press release content from PR Newswire. The AP news staff was not involved in its creation.

OCALA, Fla., Oct. 22, 2020 /PRNewswire/ — reports that nearly $29 million (gross auction proceeds) in assets were sold in last week’s auctions. The online platform held a total of 1,062 auctions from October 12th through the 18th. With an average of 808,000 bidders submitting 1.32 million bids per day, auctioneers sold more than 367,000 lots over the course of the week.

HiBid also set several records last week. On Friday, the online auction platform experienced its highest number of auction lots for sale (736,000), biddable auctions (2,693), and total auctions (3,020). On Saturday, HiBid set another record, this one for the most bidders from its many portals (127,000 bidders placing 209,000 bids), while total bidders from all HiBid auction sites reached 881,000. HiBid works seamlessly with Auction Flex

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Prospective owner of Holyoke nursing home says it won’t limit number of residents who opt to stay

HOLYOKE — Connecticut-based iCare Health Network, which is seeking ownership of Mount Saint Vincent Care Center, said it “will not impose any limitation or quota” on how many residents may decide to stay at the 125-bed skilled nursing facility for short-term rehabilitation and long-term care.

The company was asked about its reported initial estimate that just 10 residents would remain at Mount Saint Vincent, which under iCare and with state approval, would take residents from Farren Care Center, a Franklin Country nursing home for residents with both psychiatric as well as medical conditions that is proposed for closure.

“The application submitted to the Department of Public Health required us to submit projections that included a conservative estimate of approximately how many existing Mount Saint Vincent residents would choose to remain,” said David Skoczulek, spokesperson for iCare Health Network.

“We were required to submit this estimate prior to obtaining access to

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Unknown number of homes lost as blaze grows to 8,788 acres

Courtney Walsh kept a little Smokey Bear stuffed animal in her Boulder County home — the teddy bear used to belong to her father when he was a child, and she always told her own kids it would keep wildfires away.

She forgot to grab the keepsake as she rushed through the house when the first evacuation order came through just before 2 p.m. Saturday. She ripped old photos and original family artwork off the walls, shaking as she corralled the kids and the rabbits and the dogs.

Thirty minutes after the first warning, at 2:25 p.m., sheriff’s deputies roared into her driveway and urged the family to get out — the CalWood fire was closing in. They loaded up the car and fled.

“We were just waiting and waiting, and you know there is Twitter and live feeds,” she said. “Then we saw a picture from the National Weather

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Portland has ‘sold out’ of homes: Number for sale drops to new low, prices rise 5.7% in bidding wars

The anemic number of residential properties for sale continues to plague Portland metro home shoppers and favor sellers.

Brokers with John L. Scott Real Estate were told by Chairman and CEO J. Lennox Scott that Portland is “virtually sold out,” prompting intense interest in well-priced listings, especially homes under $500,000.

The 3,264 Portland metro homes put on the market in September was a 16% drop from the 3,885 listed in August, according to the local listing service RMLS.

Inventory of homes on the market in September was a historical low of a 1.1-month supply, which was a decrease from August’s 1.3 months and July’s 1.2 months, according to RMLS.

Inventory is calculated by dividing the active residential listings at the end of the month by the number of closed sales and homes proposed and under construction.

In January 2019, there was a 3.3-month supply and even that was considered a

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