Housing inventory

Housing starts increased 5.7% to a 1.36 million annualized rate after downward revisions to prior months, according to government data released Thursday.

The National Association of Home Builders/Wells Fargo index of housing market conditions fell by 6 points to 45 in May, the lowest level since the start of the year.

Of about 1,400 resale agents nationwide surveyed by John Burns Research & Consulting, two-thirds said listings showed deficiencies in at least four different areas, including outdated kitchens and bathrooms.

While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.

New single-family home sales increased 8.8% to a 693,000 annual pace last month, the fastest since September, government data showed Tuesday.

Residential starts decreased 14.7% in March to a 1.32 million annualized rate, the lowest since August, government data showed Tuesday.

The National Association of Home Builders/Wells Fargo index of housing market conditions held at 51 in April, still the highest since July but breaking a string of four straight monthly gains, according to data released Monday.

Since the launch of vacant-loan sales, a majority have come from properties located in 10 states, HUD reported.

In the four years since February 2020, rents have risen overall by approximately 28%, Corelogic found.

Even with the recent pickup, builder sentiment may remain below its longer-term average until borrowing costs fall more significantly.

Listings of existing homes rose 12% in February compared with a year earlier, and one in five of them are seeing price cuts, according to Zillow Group Inc. 

Some potential sellers are realizing that waiting for lower rates might not be worth it given the amount of equity they have, Zillow said.

Voters approved Proposition C, which offers a tax break for developers to convert up to 5 million square feet of commercial space by 2030.

High rates and home inventory shortages have increased the importance of builders as referral partners. Here's how some mortgage lenders partner with them.

Sales of new homes in the U.S. edged higher in January as builders and buyers capitalized on lower mortgage rates at the start of the year.

Significantly more Americans own a home now than a decade ago, but the disparity between Black homeownership rates and those of other racial and ethnic groups has grown wider, according to the National Association of Realtors.

The rebuff Tuesday ends months of deliberations over the cases, which had been fully briefed since late September. The court as a whole gave no explanation for either the rejection or the unusually long delay. 

U.S. new-home construction sank at the start of the year by the most since the onset of the pandemic, indicating the recovery in the housing market will be gradual as many buyers await a further decline in mortgage rates.

The National Association of Home Builders/Wells Fargo gauge of housing market conditions rose by 4 points to 48 this month, according to data released Thursday.

Purchases of new single-family homes increased 8% to a 664,000 annual pace last month, after an upward revision to November's figure, government data showed Thursday.