Housing inventory

Contract closings fell 2.4% to an annualized rate of 4.09 million last month, data released Thursday by the National Association of Realtors show.

President Donald Trump said a bipartisan housing bill he has refused to sign was "fine," seeming to suggest it could become law even as he has withheld his signature in a bid to secure a voter identification law he sees as a bigger priority.

Purchases of new single-family homes decreased by 7.3% to an annual rate of 580,000 last month, according to government figures published Wednesday.

Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.

Contract signings rose 3.8% to 76.8 last month, according to National Association of Realtors data released Wednesday, a faster pace than all estimates in a Bloomberg survey.

An index of overall market conditions from the National Association of Home Builders and Wells Fargo fell 2 points to 35 this month, according to data released Monday, lower than the 37 anticipated by economists in a Bloomberg survey.

An economy that's been good for the rich makes shares of high-end homebuilders a better bet than those focused on entry-level buyers, according to one Wall Street analyst.

Contract closings rose 3.2% to an annualized rate of 4.17 million last month, according to data released Tuesday by the National Association of Realtors.

The sales setback in April suggests the nation is still struggling to emerge from a three-year housing funk.

Starts of single-family homes declined 9%, the most since August, according to government figures released Thursday. 

Restricting institutional investors is bad policy, but reforming 1031 exchanges and requiring public listings for HUD homes could boost affordability, according to the Chairman of Whalen Global Advisors.

More homes nationwide went under contract in April compared to last spring, while inventory growth, while cooler, is returning to average historical levels.

Sales of previously owned US homes barely rose in April from a nine-month low, underscoring a sluggish housing market at the start of the spring-selling season. 

The venture, supported by Blackstone affiliate Brio Homebuilder Solutions, aims to help build more than 50,000 homes annually so they can be sold to the public, the investment giant said in a statement Monday.

The pickup in sales suggests a gradual improvement in affordability since the middle of last year is slowly generating more demand.

Builder mortgage units saw Q1 profit slides (NVR down 17%) despite an 11% rise in new home loan applications. Overall homebuilder net income dropped, and sales incentives remain high.

March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.

Developers including D.R. Horton Inc., Lennar Corp. and KB Home all missed expectations last quarter and estimates suggest both sales and earnings have fallen further as conflict in the Middle East unsettled buyers and raised costs.

About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.

The war in the Middle East is adding to a slew of challenges already facing the construction industry in recent years, including elevated mortgage rates, labor constraints and higher prices for materials.