Day: September 25, 2020

Listings of New-Construction Homes Drop 4% in August

September 25, 2020 by

The new-homes market is recovering—with sales on the rise—but hurdles including a lumber shortage are still hampering builders.

New listings of newly-built homes dropped 4.1% year over year to a seasonally-adjusted rate of 74,000 in August, reversing course after a 3.8% gain in July. Meanwhile, new listings of existing homes grew 5.2%.

“There’s plenty of demand for new homes, but builders are facing a unique and costly set of hurdles as they attempt to satisfy that demand,” said Redfin chief economist Daryl Fairweather. “Listings of new homes aren’t bouncing back

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Vaucluse mansion of Alex Ma sold ‘sight unseen’ for $31m to Aussie expat based in Chicago

20A Vaucluse Rd, Vaucluse, sold for $31m and was bought by an Australian expat and her American husband living in Chicago.

The Vaucluse home of businessman Alex Ma that sold this week was snapped up sight unseen for $31m by an Aussie expat based in Chicago.

Sources have told the Wentworth Courier exclusively that the woman is planning to soon return home with her American husband to the luxury seven-bedroom, eight-bathroom Hermitage Estate home at 20A Vaucluse Road.

And what a home to come back to — designed by the renowned architect, Bruce Stafford, the residence maximises its world-class Sydney

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