Existing Home Sales Fall to 1-Year Low
It's been a year since the annual rate of existing home sales was as low as it was last month. Hurricane-affected areas are expected to weaken next year.
Apt Permits Soar as 1-Unit Completed Constr Sinks
Permits to build apartment units drove up overall housing permits last month. But completed construction was pulled down by single-family activity.
Hurricanes Hurt Builder Confidence
Concern about fallout from the recent hurricanes had the nation's single-family home builders giving back all the confidence they gained last month.
Berkshire Unit Acquires Former Employer of MBA CEO
An affiliate of Berkshire Hathaway is acquiring a real estate firm that was the former employer of the Mortgage Bankers Association's president and chief executive officer.
Pending Home Sales Stall, South Leads Drop
A persistently tight inventory of homes for sale pulled down the monthly number of residential properties under contract. The South took the biggest hit.
Home Prices Continue Climbing, Records Broken
House values continue to rise, with some home price indices solidly in record territory. But escalating values reflect a persistent inventory shortage.
Northeast, Midwest Drive Down Existing Home Sales
Inventory shortages were a factor in a slowdown of existing home sales last month. The decline was driven by the Midwest and the Northeast.
Lowest Level for New Home Sales Since Last Year
Last month, the annual rate of new home sales dropped to the lowest level since last year. Activity in the Northeast led the decline.
Construction Permits, Starts & Completions Down
Although single-family permits held up from the previous month, multifamily dragged down overall authorizations. Also slowing from the previous month was the volume of construction started and completed.
Northeast Leads Rise in Home Builder Confidence
A month-over-month improvement in home builder confidence was led by the Northeast, though there are still more pessimistic builders in the region than optimistic.