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News

Financing

Mortgage Rates Fall to Lowest Level Since May 2023

The downward trend in rates is expected to continue in 2024, with Fannie Mae anticipating they will decline to under 6% by the end of the year

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

Community Development

Construction Trades Council Helps Local Kids Stay Warm This Winter

Northern Wisconsin Building & Construction Trades Council does its part to help keep local children snug with its annual clothing drive

Demographics

Cities Where It's Easier for Gen Z to Own a Home

Cities in the Midwest and South, such as Fort Wayne, Ind., Corpus Christi, Texas, and Detroit, offer America's youngest a homebuying window of opportunity

Government + Policy

Several Provisions of Proposed $78B Tax Package Should Interest Home Builders

The bipartisan bill includes tax breaks for businesses, but with the 2023 tax filing season due to start on Jan. 29, it remains to be seen whether the bill will pass in time 

 

Affordability

Models of Affordability: Houston, Beyond Zoning

Limited land use regulations have certainly helped the city's housing affordability, but for low-income residents, policies such as inclusionary zoning may not be enough

 

Affordability

In SC, Affordable Housing Comes in a Shipping Container

To provide homes for some of Georgetown County's lowest-income residents, Habitat for Humanity is getting creative with shipping containers

Net Zero

What Will It Take to Bring All New and Existing Construction to Net Zero?

A new report maps out a path for residential new construction and retrofits to reach urgent climate goals

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

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