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
New-Home Sales
Sellers Are Dropping Asking Prices as Housing Demand Slows
Elevated housing costs are causing buyers to pull back from home purchases, leaving sellers with no choice but to lower their price tags
Affordability
Mortgage Rates Will Likely Keep Rising, but Just How High Will They Go?
Economists are gritting their teeth and bracing for higher mortgage rates ahead, but when will the increases end?
Building Materials
Prices for Building Materials Continue to Rise
Goods used in residential construction are becoming even more expensive after record price gains throughout the pandemic
Housing Markets
Metro Denver Drops to the 5th Least Affordable U.S. Market
Home prices are outpacing household incomes across metro Denver, leaving buyers with few options for affordable housing
Market Data + Trends
A Real Estate Bubble Could Spell Trouble for the Housing Market, but Is It a Likely Scenario?
The most recent increase in the 30-year fixed-rate mortgage has some experts fearful of a possible housing bubble. Here’s what that could mean for homebuyers
Building Materials
Lumber Prices Drop as Elevated Mortgage Rates Cool Housing Demand
The 30-year fixed mortgage rate crossed a crucial 5% threshold at the start of April, and prices for building materials like lumber are beginning to decline
Manufacturers + Suppliers
From Labor Shortages to Supply Chain Delays: The Home Building Obstacles Are Growing
Home builders are still working to resolve a housing shortage that began in 2008, but pandemic-related supply chain disruptions are only making matters worse
Market Data + Trends
Homebuyers in the Worst Position Since 2007, Experts Say
Prospective buyers entering the housing market are finding supercharged prices, inadequate supply, and an affordability crisis worsened by rising mortgage rates
New-Home Sales
Rising Mortgage Rates Are Putting a Damper on Second-Home Demand
Buyers are backing out of a booming second-home market following the latest round of mortgage rate increases
Housing Markets
Midwest Metros Make Their Way Into the Spring’s Hottest Real Estate Markets
Buyers are leaving pricey coastal states like California to lay their roots in small Midwestern metros
