Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic
Are Fed Rate Hikes a Thing of the Past?
The Federal Reserve held rates steady again in December and forecasts three rate cuts in 2024
What's in Store for the National Housing Market in 2024
According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge
October Saw New-Home Sales Fall More Than Expected
Despite being buoyed by a persistent shortage of previously owned properties on the market, high mortgage rates and reduced affordability saw sales of new U.S. single-family homes fall during October
Market Data + Trends
Buyers Pull Back After Extended House Hunting
Last winter, the Veros family found a home that fulfilled their modest wishlist and placed a bid for $6,000 over asking. When they learned the…
Building Materials
Why Buyers Won’t Find Relief in Lower Lumber Prices
Homebuyers will not see lower home prices due to dropping lumber prices because it’s just one factor among many others causing builders to raise…
Economics
How the Stock Market Could Impact Buyers
Anxieties over the rising COVID-19 delta variant caused the stock market to go red yesterday, and it could begin to affect homebuyers. Experts…
Construction
NAR Study Says Years of Underbuilding to Blame for Housing Shortage
The United States needs anywhere from 5 million to 6.8 million more housing units to meet housing needs, according to a recent study by the…
Economics
What the Federal Reserve Chair Says About Current Inflation Rates
Inflation is “notably” up, according to Federal Reserve Chair Jerome H. Powell, but he notes it’s only a temporary spike. Powell told House…
Remodeling
Home Remodeling Expected to Remain Strong Through 2022
Home remodeling is expected to pick up speed and remain elevated for the next 12 months, according to the Joint Center for Housing Studies of…
Economics
Will New Lumber Prices Lower Home Prices?
Now that lumber prices have fallen near pre-pandemic levels, the cost of constructing an average single-family home is now cheaper, but builders…
Building Materials
OSB Costs 500% More Since 2020
While the country’s eyes and ears were locked onto the changes of lumber prices, other building material costs shot up, such as oriented strand…
Building Materials
Lumber Prices Drop 21% in Five Days—When Will it Normalize?
In just five days, the price of lumber fell 21% to $642 per thousand board feet. Lumber prices hit a record high on May 7 at the price of $1,670…
Building Materials
Lumber Prices Turn Negative for First Time This Year
After two months of continuous price drops, lumber costs are now down 0.6% from 2021’s starting price. Lumber futures for September dropped 5.6%…
