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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