Housing markets

The market for new homes has broadly held firm in the face of decades-high mortgage rates and elevated housing prices.

The company's builder and mortgage banking segments both ended up in the black, as sales for new constructions outperform the existing-home market.

The single-family rental giant struck a deal to manage homes for another major landlord at a time when scarce inventory of properties for sale is making it hard to expand.

Households shelled out 5% more to upgrade their properties compared to a year ago, but volume will decline by almost 8% over the next 12 months, according to Harvard researchers.

The top five towns have an average median home value of $646,380.

The median nationwide home price also increased by 2% to a new high of $350,000, according to a report published by Attom.

Contract closings decreased 2% from a month earlier to a 3.96 million annualized pace, National Association of Realtors data showed Thursday.

Residential starts increased 7% last month after falling by the most in over a year in August, according to government data released Wednesday.

Providing support to affordable rental developments is a key component in the Biden administration's efforts to increase housing supply.

Homebuilder sentiment fell to a nine-month low in October, the latest indication of the toll on residential real estate from soaring mortgage rates and declining affordability.