According to a new report from Realtor.com, U.S. housing markets continue to struggle with a significant shortage of new homes, a result of more than a decade of under-building in response to population growth.
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Mortgage Rates Creep Toward 7% Mark
Mortgage rates continue to force down application volume, with Freddie Mac reporting rates moving slightly upward yet again this week, adversely impacting the housing market as demand dwindles.
Read More »Housing Starts Slip Amid Economic Headwinds
Housing starts fell further than anticipated in July, as multi-family becomes a bright spot with builders adapting to a growing rental market.
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