The housing market is 6.5 million units short: Realtor.com
Between 2012 and 2022, about 14.6 million households were formed, but only 11.9 million housing units were completed.
Between 2012 and 2022, about 14.6 million households were formed, but only 11.9 million housing units were completed.
Sales of previously owned U.S. homes unexpectedly declined for a 12th-straight month in January, extending a record decline and underscoring how high mortgage rates continue to stifle housing activity. Contract closings slipped 0.7% at the start of the year to an annualized pace of 4 million, according to data from the National Association of Realtors … [Read more…]
U.S. homebuilder sentiment increased in February by more than forecast, indicating an easing of mortgage rates over the past several months is helping support the housing market after a year-long rout. The National Association of Home Builders/Wells Fargo gauge rose 7 points, the biggest advance since mid-2020, to 42 this month, figures showed Wednesday. The … [Read more…]
Temperatures are slowly starting to rise in many parts of the country â and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report.
Mortgage demand drops to a 25-year low, as interest rates climb CNBC
The October annual housing start rate was down 8.8% on a year over year basis, according to a report from the Census Bureau and HUD.