‘The gate is beginning to open’: Big inflation drop may aid homebuyers

The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers’ budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics. Continue reading

Real estate payrolls end on a strong note to close out a volatile year

Brokers, agents and homebuilders tallied a solid hiring month amid the holiday season even as the downturn in real estate transactions continued, according to the U.S. Bureau of Labor Statistics. Continue reading

Annual inflation drops to 7.1% even as housing woes persist

Housing remained a strain on family budgets last month, but declining prices of gas, used cars and medical insurance helped soften the blow. Continue reading

Homebuilders avoid mass layoffs as brokerages post big hiring month

Sales of new homes have suffered, but plenty of projects remain active. Homebuilders have yet to make steep cuts to their payrolls, according to the U.S. Bureau of Labor Statistics on Friday. Continue reading

US hiring remains strong, but other sectors outpace real estate

Real estate employers added about as many jobs in September as would normally be expected this time of year, despite the market downturn. Continue reading

Inflation up 8.2% over last year — and housing is largely to blame

The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history. Continue reading

Homebuilding materials remain 38% costlier than normal

Acquiring construction materials remains expensive for homebuilders, even as a reduction in demand may be relieving supply chains, according to data from the U.S. Bureau of Labor Statistics. Continue reading

Lumber prices see stable week after falling to normal levels

Construction costs remain high. But one of the biggest headaches for builders — obtaining lumber at a steady price — may be normalizing. Continue reading

Real estate jobs hold strong even as sales slip, summer ends

Real estate hiring bucked seasonal expectations for September, reflecting steady payrolls despite a weakening sales environment, according to new data from the U.S. Bureau of Labor Statistics. Continue reading

Housing inflation isn’t slowing yet. And it may prove tough to tame

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