The Mortgage Bankers Association (MBA) has launched a new affordability index aiming to measure how new mortgage payments vary across time relative to their income. The new monthly ...
Read More »New Home Sales Slip in February
Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.
Read More »New Residential Construction Statistics for February 2022 Are In
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately‐owned housing starts ...
Read More »Mortgage Rates Inch Closer to 4% Mark
Mortgage rates have soared to levels last seen prior to the pandemic, as high inflation and strong consumer spending contributed to this upward rate drive.
Read More »Insuring Expensive Homes Getting More Expensive
A new report has found that homeowners in South Carolina are paying the most for homeowners insurance with a policy of at least $500,000.
Read More »Rising Cost of Materials Squeezing Some Out of the Market
Even with rates heading back down to the 3% mark, many single‐family home buyers are being outpriced with lumber costs again on the upswing.
Read More »Housing Starts Up in November
New construction activity rolled onward in November, as a rise in homebuilder sentiment looks to even the supply to demand imbalance in 2022.
Read More »The Week Ahead: How Will the Housing Market Exit 2021?
HUD and the Census Bureau are set to release their new residential construction data, a gauge of how the market will close out Q4 as the supply/demand struggle continues.
Read More »Strong Housing Market Boosts Overall Household Wealth
New study finds the median net worth of U.S. households rose 17.6% from 2016-2019.
Read More »Apps for New Home Purchases Dip 15.2% YoY in October
Still hampered by supply-chain concerns, home builders slowed their pace in October, as buyers absorbed a 12.3% annual increase in construction costs.
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