Articles Tagged with ''housing market''

More professionals anticipate business growth than declines in the second quarter of 2024.

Sales of newly built, single-family homes in February edged 0.3% lower to a 662,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Single-family housing starts surge to highest level in nearly two years, driven by pent-up demand and moderating interest rates.

A lack of existing inventory that continues to drive buyers to new home construction, coupled with strong demand and mortgage rates below last fall’s cycle peak helped push builder sentiment above a key marker in March.

Tight lending standards and the high cost of development loans continue to impede the financing of new multifamily projects.

In a sign that lower mortgage rates continue to boost the housing market, single-family production surpassed the million mark for the second straight month in December.

Builder confidence in the market for newly built single-family homes climbed seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). 

Falling mortgage rates helped end a four-month decline in builder confidence, and recent economic data signal improving housing conditions heading into 2024.

Single-family construction surged in November as lower mortgage rates helped to assuage affordability concerns and unleash pent-up demand for housing.

Pending home sales dropped 1.5% in October, according to the National Association of Realtors. The Northeast posted a monthly gain in transactions while the Midwest, South and West all recorded losses.