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Virginia sees notable spike in pending home sales in January
Virginia’s housing market kicked off the year with rising buyer activity, expanded inventory and stable home prices.
Dewberry names new CEO
Fairfax-based Dewberry last week announced that it has appointed David J. Mahoney to be its new CEO, effective April 1.
Coca-Cola Consolidated buys Orvis’ Roanoke warehouse for $29.7M
Coca-Cola Consolidated buys Orvis’ Roanoke warehouse for $29.7M, launching a new distribution hub as the retailer restructures.
US single-family home price growth slows in December, FHFA says
U.S. single-family house price gains slowed in December, but economists believe tight inventory could prevent an outright decline.
Stanley Martin Homes to acquire United Homes for $221M
Stanley Martin Homes announced Monday that it has entered an agreement to acquire United Homes Group in an all-cash deal worth $221 million.
New York firm acquires Virginia Beach shopping center for $102M
An affiliate of Yale Realty Services has purchased the Landstown Commons Shopping Center in Virginia Beach for $102 million.
$20M housing development coming to Fort Monroe
Echelon Resources will invest $20 million to redevelop two historic Fort Monroe buildings into housing, Gov. Abigail Spanberger announced.
US pending home sales decline in January amid low inventory, NAR reports
US pending home sales fell 0.8% in January due to low housing inventory, according to the National Association of Realtors. Contracts dropped in the Northeast and South.
US single-family housing starts rebound in January, building permits decline
U.S. single-family housing starts increased 4.1% in December, while permits for future construction declined 1.7%, reflecting challenges from high costs and mortgage rates.
Armada Hoffler rebrands amid strategic shift
Armada Hoffler Properties announced Monday that it plans to rebrand as AH Realty Trust next month as part of a sweeping overhaul.
Virginia homes staying on market longer
Home sales fell in Northern Virginia in January, while Hampton Roads gained and days on market increased statewide.
