The National Association of Realtors hosted its latest Real Estate Forecast Summit on Thursday, where five of the industry’s top economists shared their predictions for mortgage rates, consumer activity, government spending and macroeconomic trends. Continue reading
Builder confidence in the market for single-family homes rose three points to a score of 37 during December, the first monthly improvement since August. Continue reading
Sales of newly built homes dropped 8.7 percent in August to a seasonally adjusted annual rate of 675,000. Continue reading
Builder sentiment for newly built single-family homes slid five points to a score of 45, the second straight month of steep decreases. Continue reading
The number of new homes earmarked for the rental market is expected to double by 2027 as built-for-rent housing rebounds with a record Q1 and developers clamor to partner with investors. Continue reading
New homes now represent a third of all homes on the market. That’s 2.5 times higher than the historical average for the two decades leading up to COVID-19, according to the NAHB/Wells Fargo HMI. Continue reading
At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading
Apartment building construction soared 24 percent in February, lifting new housing starts overall despite a weak month for single-family builds, according to data released Thursday by the U.S. Census Bureau. Continue reading
Builder confidence rose 2 points in the latest National Association of Home Builders’ Housing Market Index, but economists fear lending challenges in the wake of bank failures this month. Continue reading
Builder confidence rose seven points in February, to 42, according to the latest NAHB Housing Market Index. It’s the highest score since September and the largest one-month increase in a decade. Continue reading