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housing affordability

Newsfeed: Multi-Family Unit Surge Sparks Rise in Housing Starts, Permits In March

Newsfeed: Multi-Family Unit Surge Sparks Rise in Housing Starts, Permits In March

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)…

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Newsfeed: New Home Sales Unexpectedly Tumble In February As Mortgage Apps Crash

Newsfeed: New Home Sales Unexpectedly Tumble In February As Mortgage Apps Crash

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.

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