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
Consumers Show Renewed Optimism About Homebuying
Fannie Mae's Home Purchase Sentiment Index reaches its highest level in almost two years
Market Data + Trends
Private Residential Construction Spending Continues to Grow
The monthly increase in single-family construction spending during December rose by 1.6%, marking the eighth consecutive month of gains since April 2023
Financing
The Effect of Mortgage Rates on Homeowners' Selling Intentions
Maybe 5% wasn't so magical after all. How much are mortgage rate fluctuations actually affecting homeowners' intentions to sell?
Affordability
Making Sense of National Housing Shortfall Estimates
Is it 1.5 million homes, 5.5 million, or more? Why is there so much disparity in housing shortfall estimates?
Affordability
More Americans Are Moving House in Search of Affordability
Lack of affordable homes is motivating some households to relocate to other cities, states, and even regions as they seek a cheaper place to live
Off-Site Construction
What's Standing in the Way of Home Builders Adopting Off-Site Methods?
Findings from Home Innovation Research Labs show home builders continue to embrace the status quo when it comes to adopting new methods, but results vary by builder type and region
Affordability
The Increasing Disconnect Between Home Prices and Income
With the rapid rise in home prices since the start of the pandemic, home price-to-income ratios have hit all-time highs in 78 of the 100 largest U.S. markets
Market Data + Trends
Data Show New-Home Construction Starts Slowed at the End of 2023
Despite falling mortgage rates and a continuing shortage of housing inventory, the annual pace of new-home construction slowed in December
Market Data + Trends
As Interest Rates Fall, Builder Sentiment Rises
A drop in mortgage rates to below 7% in the past month has led to a marked boost in builder confidence as we roll into 2024
Demographics
Report: What Lengths Would Millennials Go to to Own a Home?
Millennials are so desperate to own a home that, even in a pricey market, 78% would consider accepting an interest rate higher than the national average