Housing starts plunge 10% in May to lowest level since 2020

New residential construction made progress in completions but largely fell short on starts and permits, according to new data released Wednesday by the US Census Bureau and HUD. Continue reading

New-home sales climb nearly 11%, but figures may be ‘overestimated’

Sales of newly built single-family homes rose in April, pointing to continued buyer engagement during the spring homebuying season, the latest data from the U.S. Census Bureau and Department of Housing and Urban Development (HUD) suggests. New resident… Continue reading

Builders pull back from new construction once again in April

April’s housing data underscores a challenging landscape for new construction, particularly in the single-family segment, and the privately-owned segment isn’t far behind. Continue reading

Pending home sales jump as buyers eye lower mortgage rates

According to data released Wednesday by the National Association of Realtors (NAR), contract signings jumped 6.1 percent in March. That represents the biggest monthly gain since December 2023, when pending sales rose 7 percent. In contrast, February on… Continue reading

Tariff threats prompt builders to pump brakes on new construction

Housing starts fell 11.4 percent in March, a modest improvement from 2024, according to Census data released Thursday, with one economist describing the slump as “well below consensus expectations.” Continue reading

Tariff threats prompt builders to pump brakes on new construction

Housing starts fell 11.4 percent in March, a modest improvement from 2024, according to Census data released Thursday, with one economist describing the slump as “well below consensus expectations.” Continue reading

First American CEO Ken DeGiorgio terminated, new CEO named

First American Financial Corporation has appointed Mark E. Seaton as its new chief executive officer, just weeks after the title insurer’s former CEO Kenneth DeGiorgio was charged with misdemeanor assault. Continue reading

First American CEO accused of choking barefoot cruise passenger

Kenneth DeGiorgio now faces a criminal assault charge following an incident aboard the Virgin Voyages Resilient Lady cruise ship, according to an FBI criminal complaint. Continue reading

Pending home sales tick up as buyers make cautious comeback

The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading

Pending home sales tick up as buyers make cautious comeback

The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading