Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall. Continue reading
New-home sales rose 9.8 percent year over year to a seasonally adjusted annual rate of 716,000 in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall. Continue reading
Homebuyer anxiety around prices and the election precipitated the fall as the National Association of Realtors’ Pending Home Sales Index declined 5.5 percent, to 70.2, the lowest index reading in 23 years. Continue reading
High mortgage rates, slowing homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains. Continue reading
New-home sales rose 4.4 percent in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the U.S. Census Bureau. Continue reading
Monthly housing starts rose 12.2 percent in August to a seasonally adjusted rate of 1,575,000, according to U.S. Census Bureau data released Tuesday. August 2022 levels fell 0.1 percent year over year. Continue reading
The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way. Continue reading
Privately owned housing starts dipped 0.7 percent in October while single-family housing starts dropped 3.9 percent, according to U.S. Census Bureau residential construction data Continue reading
Housing starts plummeted in February as interest rates and lumber costs soared. Continue reading
Housing starts are up 11.1 percent over November 2018 while permits increased by 13.6 percent. Continue reading