Residential Building Wages Rise Again in March
Wage growth for residential building workers continued during March, but at a slower pace than during the previous month
Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
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
Market Data + Trends
Bad Time to Buy? Increasing Number of Buyers Think So
As home prices continue climbing, the number of confident buyers dwindles. According to a new survey from Fannie Mae, the number of buyers who…
Coronavirus Resources and Information
Mortgage Rates Dip Again, Fueling More Loan Refinancing
Mortgage rates dropped once again last week, but it caused more homeowners to apply for refinancing rather than new homebuyers jumping into the…
Labor + Trade Relations
Construction Labor Market Shows Normalization in July, August
Despite waves of layoffs in March and April, the construction labor market continues to rebound. Hiring rates in the construction sector were back…
Economics
Home Building Industry Firing on All Cylinders
Recent metrics for home sales, starts, and builder confidence indicate the home building sector can be the beacon for recovery
Economics
Homes Were Snatched Up Two Weeks Faster in September
Listings in September only lasted an average of 54 days on the market, according to Realtor.com data. The site began tracking the number of days…
Sales
Pending Home Sales Increase to Record High in August
Signed contracts on existing homes increased by 8.8% from July to August, the highest pace on record, according to the National Association of…
Mortgage Demand Drops Week to Week Even as Interest Rates Dip
Interest rates fell again last week compared to the previous week, but so did mortgage demand. Record low mortgage rates were once a reason for…
HUD Secretary Discusses Government Actions to Address Housing Issues
HUD Secretary Ben Carson on the agency's actions to address affordable housing and easing the effects of the COVID-19 pandemic on homeowners
July Home Prices Advanced by 4.8% Says Case-Shiller
Nationally, home prices advanced by 4.8% annually this past July. Just a month before in June, prices rose by 4.3%, according to CNBC. These…
More Sellers List, Yet Demand Remains Insatiable
New listings of homes for sale jumped by 6% compared to last year during the four-week period ending September 20 thanks to more sellers feeling…
