Housing starts rose to fastest pace since 2006 in December
Home construction starts rose for a fourth-straight month in December to the best pace since late 2006 as builders responded to the robust demand for single-family housing.
Home construction starts rose for a fourth-straight month in December to the best pace since late 2006 as builders responded to the robust demand for single-family housing.
If youâre an existing homeowner, get excited, very excited. A new forecast from Zillow says home prices are going to rise 10.3% from this November until November 2021. Thatâs on top of the already stellar growth realized since around 2012, when home prices seemed to bottom and begin their meteoric and historic ascent. Those fortunate [&hellip
The post Home Prices Are Expected to Rise Another 10% by Next November first appeared on The Truth About Mortgage.
Posted To: MND NewsWire
Freddie Mac’s first quarter 2021 economic forecast is unusually short, and, unlike recent forecasts from either of the GSEs, has relatively few revisions. The company’s economists say that nearly a year after the first cases of COVID-19 were diagnosed in the U.S., economic growth remains uncertain, with answers largely hinging on the roll-out of the new vaccines. The labor market remains weak with close to 20 million collecting unemployment insurance. December’s job losses, the first since last April, didn’t change the unemployment rate from 6.7 percent because labor participation also declined. Record low mortgage rates continued to carry the housing market during the turmoil of the pandemic. At the end of the first week of 2021, the 30-year rate hit 2.65 percent, a new low. Freddie Mac expects…(read more)
Covid-19 vaccines are now being rolled out in the U.S., and their introduction could soon impact on the trajectory of the housing market, experts say. Some say that more housing inventory will arrive on the market in the coming months as the vaccination campaign gathers momentum. They believe that many would-be home sellers are delaying […]
The post Covid-19 vaccine rollout could lead to higher inventories and lower prices appeared first on RealtyBizNews: Real Estate News.
Homebuilder confidence fell in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs.
The post Rising costs, COVID cases dip builder confidence appeared first on HousingWire.
Homebuilder confidence slipped to a four-month low in January as firms became slightly less optimistic about sales against a backdrop of higher house prices and construction costs.