Supply Helps Pull Down Existing Home Sales
Although the supply of homes for sale was the most it's been in eight months, the level is still significantly low and helped drive down monthly existing sales.
New and Completed Construction Up, Permits Down
Home builders started and completed construction on housing units last month at an improved rate. But housing permit activity slowed and could weaken further due to tariffs.
Heavy Lumber Costs Weigh Down Builder Confidence
After making a lackluster comeback last month and led by the South, home builders grew less confident this month. Hurting conditions are recent Trump administration tariffs on Canadian lumber.
Midwest Leads Pending Home Sales Lower
For the fourth time in a row, pending home sales have fallen below their year-earlier levels amid persistent inventory issues. A decline from a month earlier was led by the Midwest.
Home Prices Continue Rising
Anyone looking for relief from rising home prices didn't find it in the latest set of home price indices. Markets in the western half of the country continued to dominate the increases.
Existing Home Sales Drop on Inventory Shortage
The sale of pre-owned homes weakened last month and were down on a year-over-year basis for the second month in a row. Inventory shortages were blamed.
West Drives Down U.S. New Home Sales
New home sales declined last month even though volume was only down in the West. But experts still see strength in the market.
World's Biggest Real Estate Agent
A real estate agent out of North Texas has made it into the Guinness Book of World Records thanks to a phenomenal sales record.
Apartments Hurt Permits, New Construction
Despite an increase in single-family volume, a decline in multifamily permits and new construction pulled the overall numbers down. But completed multifamily construction jumped.
Builder Confidence Rises 1st Time in 5 Months
For the first time in five months, the nation's home builders felt more confident about conditions in the new home market. Current sales conditions were behind the improvement.