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
Market Data + Trends
Fannie Mae Raises Its Forecasts for Single-Family Housing Starts and Mortgage Originations
Fannie Mae upgraded its single-family housing starts forecast for 2023 by 72,000 units and its 2023 forecast for mortgage originations from $1.59 trillion to $1.62 trillion
Remodeling
Home Remodeling Activity Expected to Continue Softening Through 2023
Harvard's Joint Center for Housing Studies' Leading Indicator of Remodeling Activity shows annual spending on home improvements and repairs is expected to decrease through 2023 and into 2024
Market Data + Trends
After Several Months of Gains, Single-Family Home Starts Dropped in June
Census data for permits, starts, and completions shows a rate of 935,000 single‐family housing starts in June, which is 7% below the revised May figure of 1,005,000
Market Data + Trends
Home Builder Sentiment Is up in July, but Higher Mortgage Rates Continue to Be a Drag
The National Association of Home Builders/Wells Fargo Housing Market Index shows builder sentiment in the market for single-family homes rose 1 point in July
Market Data + Trends
Which US Counties Have the Highest and Lowest Homeownership Rates
Data analysis reveals that while national trends reflect fundamental drivers of homeowners, if you look at local markets, they often tell a different story
Financing
How Many US Homeowners Actually Have Low Mortgage Rates?
Mortgage rates are high right now, but just one-tenth of existing mortgages have an interest rate above 6%, and that imbalance has significant ramifications for the housing market
Financing
Foreclosure Activity Across the US Rises Toward Pre-Pandemic Levels
A new report shows the number of foreclosure is up, with Maryland and Delaware leading with the highest rates
Building Materials
June Price Index Data Show Building Material Price Growth Slowing
The latest Producer Price Index report shows prices declining for goods inputs to residential construction—another signal that inflation is cooling
Affordability
Home Prices Reached a Record High in May Despite Surging Rates
Elevated mortgage rates may be slowing home sales and cooling the for-sale market, but they're also limiting housing inventory, which is sending prices to new highs
Market Data + Trends
A Return to Seasonality? Why This Summer Market Indicates a 2023 Housing Recovery
After years of volatility, home sales prices are following a more typical seasonal pattern this summer
