Housing starts increased a slight 0.9% to a seasonally adjusted annual rate of 891,000 units in August, up from a revised 883,000-unit pace in July, Reuters news reported Wednesday. The increase was far less than expected, with the slowdown blamed on multifamily starts, which fell 11.1% to a pace of 263,000 units.

Groundbreaking for single-family homes, the largest segment of the market, increased 7 percent to a 628,000-unit pace, the highest since February.

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Keller Williams to expand its iBuyer program

Back in April, Keller Williams announced it would begin buying and selling houses. Now it’s expanding that program. Now, Keller Williams announced it will launch its iBuyer program in Birmingham, Alabama, through its partnership with Offerpad early in the first quarter of 2020.

Nov 15, 2019 By