As mortgage rates rise, homebuilder sentiment slips, and home sales weaken, analysts expected housing permits and starts to fall MoM in March but, thanks in part to downward revisions for Feb’s data, Housing Starts surprised with a +0.3% MoM rise (vs -1.6% MoM exp) and Permits up 0.4% MoM (vs -2.4% MoM exp)…
Newsfeed: Multi-Family Unit Surge Sparks Rise in Housing Starts, Permits In March Read More »
Starting March of 2021, the National Association of Realtors (NAR) made Housing Affordability Data available to the St. Louis Fed.
Newsfeed: Housing Affordability Declines Nearly 23 Percent In Less Than a Year Read More »
The deceleration in home prices seen last fall didn’t continue in January as home buyers rushed to lock in deals.
Annual inflation hit a 40-year high last month, at 7.9 percent. And that’s pushing house prices up even higher. NTD spoke with Russell Gray, co-host of “The Real Estate Guys” podcast, to learn more
Newsfeed: Real Estate Guy: Home Prices May Keep Rising Read More »
US mortgage rates continued their near-vertical ascent, soaring to levels not seen since Jan 2019 at an almost unprecedented speed…
Newsfeed: Housing Affordability Crisis Imminent As Mortgage Rates Hit 3 Year High Read More »
Despite the unexpected plunge in existing home sales, analysts expected new home sales in February to rebound modestly from January’s drop but they were wrong (again) as new home sales fell 2.0% (+1.1% exp) and worse still January’s 4.5% drop was revised drastically worse to a 8.4% plunge.
Newsfeed: New Home Sales Unexpectedly Tumble In February As Mortgage Apps Crash Read More »
As the latest existing home sales report cautioned, with NAR chief economist Larry Yun warning that “housing affordability continues to be a major challenge…”
Newsfeed: Housing Affordability Is About To Crash The Most On Record Read More »
After unexpectedly plunging in January, pending home sales were expected rebound very modestly in February (despite both new- and existing-home-sales tumbling as mortgage rates soar).
Newsfeed: US Pending Home Sales Plunge For 4th Straight Month Read More »
As a result of the recent spike in rates, economists are now lowering their home sales forecasts for this year.
Existing home sales plunged a bigger than expected 7.2% MoM in February – the biggest MoM drop in existing home sales since May 2020…