Housing starts increase to meet rising buyer demand
Housing starts rose in February as builder sentiment and buyer demand increase, but economic uncertainty still poses challenges.
Housing starts rose in February as builder sentiment and buyer demand increase, but economic uncertainty still poses challenges.
Mortgage rates surpass 6 percent for the first time since 2008 The Washington Post
Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. And it could be a while before they tick back down.
Pending home sales rose for the second consecutive month in January, jumping 8.1%, but they are still down 24.1% compared to last year.
In January, the seasonally adjusted sales pace for existing homes dropped 0.7% from December to a pace of 4.00 million, among the lowest readings in 12+ years.
The latest Mortgage Bankers Association (MBA) survey showed that mortgage loan application volume declined 7.7% for the week ending Feb. 10 from the previous week.
Consumer prices continued to rise in October, but at a slower annual pace, suggesting that the Federal Reserveâs interest rate hikes are having an impact on consumer spending habits. The Consumer Price Index (CPI) rose by 7.7% in October compared to one year ago. That is the smallest 12-month increase since the year ending in […]
Existing home sales in October were down 28.4% year over year, the largest year over year existing home sales decrease since 2007.
The labor market started 2023 with a bang, which could spell trouble for the housing market as the Fed tries to control inflation this year.