After a three-week slide, Freddie Mac reports the fixed-rate mortgage rose four basis points week-over-week, and despite affordability headwinds, buyers have driven new home sales to levels seen in more than 12 months.
Read More »Mortgage Rates Slide for Second Straight Week
Prospective spring home buyers have responded to a second straight week of falling rates according to Freddie Mac, as they pounce on the nation’s limited housing supply, and have driven app volume upward.
Read More »January New Home Purchase Mortgage Apps Slip Nearly 4%
According to the MBA’s Builder Application Survey, new home purchases applications decreased in January, although applications remain 42% higher compared to 2022’s totals.
Read More »Housing Starts Edge Upward Month-Over-Month
Despite lingering supply chain concerns, there were 811,000 single-family units under construction in March, marking the highest level since 2006.
Read More »House Price Appreciation Sets Record for Third Consecutive Month
U.S. home price appreciation reached 20.7% in August 2021, marking the third straight month it has reached a new record mark, according to the latest findings by First American.
Read More »Decline in Listings Stunts Monthly Home Sales Numbers
New listings of homes for sale fell 9% from a year earlier, and closed home sales were down 5%.
Read More »Housing Market Cools as Winter Approaches
A new study has found that monthly growth in both home values and rents eased in September, continuing a seasonal calming that began late summer.
Read More »NAHB Urges Biden to Address Home Construction Bottlenecks
In a letter to the White House, NAHB Chairman Fowke outlined three major areas of concern for home builders that may negatively impact the overall U.S. economic landscape.
Read More »Builder Confidence Sinks to 13-Month Low
Increased costs and a bottlenecked supply chain have resulted in a dip in home building, even putting a hold on some new home sales.
Read More »Homebuilders Faced With Depleted Workforce
With the rising cost of supplies already troubling homebuilders, a lack of skilled workers is now contributing to a lack of housing inventory nationwide.
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