High-income renters are top prize as ownership hurdles pile up: Poll

Luring high-income renters into homeownership will only become more challenging as costs stay high, according to experts and a survey of US consumers conducted by Dig Insights and Inman. Continue reading

Housing starts tally ‘unexpected’ uptick amid rising mortgage rates

New housing starts increased 7 percent in September to a seasonally adjusted rate of 1.36 million, or 7.2 percent below the levels seen in September 2022, according to Census data released Wednesday. Continue reading

Housing starts plunge to 3-year low

In August, housing starts hit their lowest level since June 2020, when builders were struggling with COVID-fueled “shutdowns, labor shortages and supply chain issues,” according to U.S. Census data. Continue reading

Fueled by deals, new-home sales soar to highest level in 17 months

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

New-home sales wilt in June but remain elevated amid low inventory

New-home sales drooped 2.5 percent from May to a seasonally adjusted rate of 697,000 — 23.8 percent higher than June 2022, according to data released Wednesday by the U.S. Census Bureau. Continue reading

New home sales jumped 20% in May, a 12.2% jump from April

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. New home sales surged 20 percent from a year a… Continue reading

Housing starts see biggest increase since 2016

Housing starts were at a seasonally adjusted rate of 1,631,000 for May — a 21.7 percent jump from April and 5.7 percent higher than the levels recorded in May 2022, according to U.S. Census Bureau data. Continue reading

New-home sales soar to 1-year high in March as purchases leap 9.6%

The strong monthly increase in sales marked the fourth-consecutive month of such increases, as buyers ease back into the market and adjust to a new landscape of higher mortgage rates. Continue reading