Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development
Which Green Building Practices Are Home Builders Using Most?
A recent report reveals which green-building practices are most popular among single-family home builders and remodelers
Single-Family Permits Show Increase in February
Year-to-date ending in February, single-family permits were up in all four regions of the U.S.
Q1 2024 Foreclosure Activity Rises Slightly
Data show New York, Houston, and Chicago topping the list of major metros with the greatest number of foreclosure starts during Q1 2024
Housing Markets
These Local Markets Are Seeing the Most Significant Home Price Fluctuations
While one side of the country is confronting a widespread home price correction, the other is seeing continued strength in its local housing markets
Market Data + Trends
Mortgage Rates Have Risen Yet Again, but Homebuyer Competition Is Heating Up
Rising mortgage rates aren't enough to deter house hunters willing to expand their budgets for a smaller share of for-sale listings
Build to Rent
Will Rental Costs Come Down as Supply Surges?
Rental supply is increasing, but not at an adequate pace to satisfy steady demand from single-family and multifamily renters
Financing
Mortgage Rates Surpass 7% Ahead of Seasonal Soft Window
Rising mortgage rates could set the stage for significant price declines ahead of a typically slow season for homebuying
Market Data + Trends
The Housing Market Is Stuck in Limbo—Is a Soft Landing Ahead?
A summer slump in the housing market has both buyers and sellers waiting for conditions to improve, but as the Fed prepares to make its next move, experts say a soft landing could signal balance ahead
Demographics
Millennials Are Underperforming in Today’s Housing Market, and It’s Not Hard to Understand Why
A growing number of millennials are reaching peak homebuying age, but amid affordability constraints and a housing shortage, many are finding themselves delayed in the race toward homeownership
Economics
Why Some Economists Say the US Housing Recession Is Over
An uptick in pending home sales paired with more stable home price gains may mean that the 2023 housing recession is coming to an end
Market Data + Trends
First-Time Buyers Face Fast-Rising Prices, Meager Supply
Entry level homes are becoming less affordable and harder to find in today's high-cost, competitive market
Market Data + Trends
Are US Homebuyers Adapting to Higher Mortgage Rates, Home Prices?
The share of homebuyers actively engaged in home purchases was essentially unchanged from the first quarter of 2023 to the second quarter of the year
Financing
More Than 80% Of Americans Feel ‘Locked-In’ by Their Low-Rate Mortgages
Homeowners who moved or refinanced during the COVID-19 pandemic have mortgages with interest rates below 4%, and rather than relocating and losing that low rate, many are staying put
