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
The inversion of the yield curve — when long-term interest rates drop below short-term interest rates — this week, was seen as a warning sign to many that another recession was looming. But Friday morning’s housing start data means we shouldn’t sound t… Continue reading