Housing starts beat expectations in February but headwinds loom

Privately owned housing starts rose 11.2 percent but still fell behind February 2024 activity, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading

New-home sales plunge 10.5%, fall below expectations

Sales of newly built single-family homes declined during January, falling well below consensus estimates, according to data released Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading

Housing starts decline in January as homebuilder uncertainty rises

Multifamily housing starts fell 9.8 percent, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4 percent month over month, according to data released Wednesday. Continue reading

Vacant 2nd homes could be a lifeline to Los Angeles evacuees

Agents have drawn on all their resources to play “matchmaker” to place people who don’t need to use secondary properties with those who need housing in the area. Results are mixed, but it’s working for some. Continue reading

Share of renters paying under $1,000 hits record low, Redfin says

Only 32.1 percent of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2 percent in 2022 and 50.4 percent in 2012, according to an analysis from Redfin released Wednesday. Continue reading

Forget the deadbolt, residents of these trusting towns say

People who live in Hollister, California, feel most confident about leaving their doors unlocked at night, according to a survey by Automatelife.net, because of low property and violent crime rates. Continue reading

Texas surged during COVID. Now, its luxury markets are being tested

Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of wealthy buyers is stretching the state’s luxury inventory thin. Continue reading

Housing starts post rebound in April but inventory remains tight

Housing starts rose 2.2 percent month over month in April, as homebuyers increasingly turn to new construction to combat low inventory in the resale market, the US Census Bureau reported Wednesday. Continue reading

The markets real estate investors are fleeing amid the housing slump

Despite economic turmoil, investors large and small are still a force to be reckoned with in the housing market. Intel broke down the cities they’ve soured on — and the ones they just can’t quit. Continue reading

The ‘Great Reshuffling’ is more complex than we realized

The dust has begun to settle from the great pandemic home-price boom and bust. An Intel deep-dive analysis sheds light on which markets have been hit hardest by falling prices — and why. Continue reading