State of Housing, Mortgage Markets
The Great Recession -- and the housing boom and bust that set the stage for it -- are fading into distant memory. But a decade into the recovery, the U.S. housing market continues its frustratingly slow return to normalcy.
Multifamily Const Starts, Permits Up as SF Falls
Despite a surge in new apartment construction and permits, single-family activity weakened. The South led a decline in completed construction.
West Leads Builder Confidence to Lowest Since 2017
With the West leading the way, builder confidence dropped to the lowest level since last year. Much of the weakening was due to current sales conditions.
New Home Inventory Largest in 9 Years
Even though there was little change in national new home sales, sales sank in the West and soared in the Northeast. The inventory of new homes for sale reached a 9-year high.
3 Home Price Indices All Continue Moving Higher
A trio of monthly home price indices indicate that the value of American homes continues to escalate. One forecast has continued growth in house prices.
Northeast Leads Bounce in Pending Home Sales
After declining to the slowest pace in more than three years, pending home sales increased last month. Out front of the rise was the Northeast.
West Leads Rise in Existing Home Sales
A jump in the sale of pre-owned homes last month in the West led an overall national gain. In the Northeast, however, there was a significant slump amid brutal weather conditions.
Multifamily Drives Down Permits, New Construction
Multifamily activity drove down overall housing permits and new construction last month, though there was an increase in completed apartment buildings. Construction activity in the Northeast was exceptionally strong.
4-Month Low for Home Builder Confidence
Slowing buyer traffic drove U.S. home builder confidence to the lowest level in four months, though the degree of confidence still remains solid. The Midwest deteriorated most.
Millennials Ascend to Top Home-Buying Group
The nation's real estate agents and brokers are reporting that millennials are finally starting to make the transition from renters to owners en masse.