Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic
Are Fed Rate Hikes a Thing of the Past?
The Federal Reserve held rates steady again in December and forecasts three rate cuts in 2024
What's in Store for the National Housing Market in 2024
According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge
Snapshot of the rental market (in one snazzy infographic)
Apartment finder ForRent.com put together a detailed infographic breaking down the market for apartments and rental housing.
Top 10 turnaround towns for the second quarter
Phoenix, Oakland, Calif., and Boise, Idaho, are among the 10 housing markets that saw the biggest second-quarter improvement in both median list prices and for-sale inventories, according to data from Realtor.com.
NAHB: House, Senate deadlocked on tax extension proposals
The Senate on July 25 narrowly approved a Democratic proposal to extend the 2001 and 2003 tax cuts through 2013. A week later, the Republican-led House passed competing tax extension legislation. The votes essentially leave Congress deadlocked on this issue.
NAHB to Congress: Tread lightly when imposing mortgage lending reform
The National Association of Home Builders (NAHB) told Congress today that proposed mortgage lending reforms under the Dodd-Frank Act must be imposed in a manner that causes minimum disruption to the mortgage markets while ensuring consumer protections.
Home building provides biggest boost for construction spending in 2012
A 3 percent increase in residential construction spending in May pushed overall construction spending up 0.9 percent for the month, the largest jump since December 2011.
Conference Board: Consumer confidence index drops again slightly in June
The Conference Board Consumer Confidence Index, which had declined in May, fell further in June, according to data released Tuesday.
What ‘taxaggedon’ would mean for home builders
Economists at the National Association of Home Builders recently analyzed the impacts of the expiration of the Bush-era tax cuts (or “Taxaggedon,” as tax policy experts call it) on home builders, and the outlook is not bright.
Warren Buffett bids $3.85 billion on bankrupt mortgage company
Further supporting his belief that the U.S. housing market is headed for recovery, Berkshire Hathaway CEO Warren Buffett announced Monday the investment firm had put in a $3.85 billion bid for troubled mortgage company Residential Capital LLC.
10 hottest housing markets for first-time buyers
Fresno, Calif., and Camden, N.J., were among the top 10 housing markets for first-time home buyers in 2011, according to a new report from Inman News. See which other markets made the list.
5 fastest growing (and shrinking) states by GDP
A new report from the U.S. Bureau of Economic Analysis offers a state-by-state breakdown of real gross domestic product last year. North Dakota saw the largest GDP gain in 2011, up 7.6 percent, while Wyoming experienced the steepest decline (-1.2 percent).
