Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable
10 States Where Home Insurance Rates Have Risen the Most
Responding to the increasing number of natural disasters, insurers are hiking prices, with some states bearing the brunt more than others
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
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
Market Data + Trends
Mapping the Counties Most at Risk of Increased Home Insurance Costs
A look at which counties are expected to face the greatest risk for insurance shocks due to fire, wind, and flood risk going forward
Build to Rent
Rental Housing Data for December Offer a Range of Mixed Signals
Zillow's latest rental market report shows annual rent growth has stabilized, but rent decreases vary by market and affordability remains a challenge
Master Planned Communities
Report Identifies Top-Selling Master Planned Communities of 2023
In the recently released report from RCLCO, Florida and Texas had the most sales among top-ranked MPCs of 2023 and Houston was the top-performing metro area
Labor + Trade Relations
Going Up! Residential Building Wages Rise
For the past 12 months, wage growth has been below 4% and construction labor demand has stayed strong, even while the economy's total job openings have declined
Housing Markets
The 10 Hottest Housing Markets of 2024
Most of this year's hottest markets are located in the Midwest, Great Lakes, and South
Market Data + Trends
Private Residential Construction Spending Up in November
NAHB's construction spending index shows construction spending on single-family housing has experienced solid growth since May 2023