...app volume begins to trend downward, a new report from the National Association of Home Builders (NAHB) found that low existing inventory that is keeping demand solid for new homes...
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Fed Resumes Rate Increases with a 25 BPS Hike
...home sales. Limited inventory is also keeping prices high even though housing affordability has deteriorated significantly in the past three years.” “Today’s hike cements the idea that the Fed is...
Read More »Demand for Renovations Drove Home Equity Lending Increases in 2022
...CMB, MBA’s VP of Industry Analysis. “The housing inventory shortage, combined with home-price appreciation and a low-rate first mortgage, make home renovations an attractive alternative for many homeowners who are...
Read More »Homebuyer Assistance Programs Experience Quarterly Uptick
...and marginalized demographics who have lower rates of homeownership.” Key Findings: Growth in programs that expand inventory options. In response to the dearth of affordable inventory, agencies continue to introduce...
Read More »National S&P Home Price Index Showcases ‘Striking’ Regional Differences
...which is constrained by a lack of existing inventory, and the other of the Southeast and South, where the availability of new homes for sale is creating sales opportunities; home...
Read More »Market Remains Resilient Amid Nationwide Inventory Shortage
June posted month-over-month increases in home sales (up 5.4% from May) and inventory (up 7.2%) while year-over-year activity continued to trail the strong results of early 2022, according to the...
Read More »Builder Confidence Ticks Upward Amid Housing Supply Shortage
According to a new report from the National Association of Home Builders, low existing inventory that is keeping demand solid for new homes helped to push builder confidence up in...
Read More »Survey: Lenders Still Believe a Recession Is on the Horizon
...elevated inflation, tight inventory of homes for sale, and a global slowdown of economic growth. According to the survey, the consensus among survey respondents is that both purchase and refinance...
Read More »Mortgage Rates Scale Back From 7%-Range
...the affordability equation for many, the struggle of the nation’s housing inventory has breathed new life into new construction as described by NAHB Chairman Alicia Huey. “The lack of resale...
Read More »Existing-Home Sales Dip in June, Hit Slowest Pace Since January
...and inventory move favorably." Total housing inventory registered at the end of June was 1.08 million units, identical to May but down 13.6% from one year ago (1.25 million). Unsold...
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