The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on the dip in residential construction in May:

“Housing shortages look to intensify and may well turn into a housing emergency if the discrepancy between housing demand and housing supply widens further. The falling housing starts and housing permits in May are befuddling given the lack of homes for sale and the quick pace of selling a newly-constructed homes. Meanwhile, job creations of a consistent 2 million a year will push up housing demand further. One thing that moving up is the housing costs for consumers: higher home prices and higher rents.”

Properties in Kingstowne

6007b Curtier Dr #B

Gorgeous Bright 2 BRs, 2 BAs, END unit w/ large loft & cathedral ceiling overlooking fireplace, windows galore, 5 " Brazilian cherry wood flrs incl steps and Loft, New Kitchen, wood blinds, balcony at front entrance & rear large solo 1 car garage w/ automatic garage door & driveway. MBR w/ walk-in closet, Updated bathrooms, EZ walk to Town Center, movies, restaurants, Lowest condo fee ! [Tiers of Manchester Lake - $324,000]

6032 Heatherington Pl

IMMACULATELY MAINTAINED NEWER HOME THAT BACKS TO TREES & KINGSTOWNE POND**SPACIOUS MASTER SUITE W/ DOUBLE W/I CLOSETS, BATH W/ DOUBLE SINKS, SOAKING TUB & SHOWER**3 ADDTL BR'S W/ 2 BAS & LAUNDRY UPSTAIRS**ML OFFERS HW FLOORS, UPGRADED KITCHEN W/ SS APPL & GRANITE OPENS TO BREAKFAST AREA & FR W/ DOUBLE SIDED FRPL & DEN**LARGE RR & MEDIA RM W/ PROJECTOR & SPEAKERS**IN GROUND SPRINKLER & CENTRAL VAC [Kendrick - $812,400]

6651 Dunwich Way

Seller will pre-pay HOA fees for 1 full year!! Gorgeous open-concept townhome in sought after Kingstowne just min to pool, shopping, I-95, Metro! Gourmet eat-in kitchen w/ bay window, new SS dble oven & microwave, & adjacent family rm w/ gas fp & built-ins. 2 huge mstr suites w/ high ceilings & tons of closets. Huge Lwr level bedroom & full bath. Roof & windows replaced. Lrg deck & patio! [Kingstowne - $569,000]


Townhouse Residence in Lorton, VA . . .

$299,000 at Newington Commons

Real Estate

Aubrey Nesbitt

View posts by Aubrey Nesbitt
Aubrey Nesbitt is a native of Northern Virginia who attended Virginia Commonwealth University. He is a veteran of the US Army and helps his family business by providing informational articles like this one. In addition to photography and blogging, Aubrey provides administrative support for the office.

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