National Association of Home Builders CEO Jerry Howard offered up a pessimistic view of the U.S. economy during a Monday appearance on the Fox Business Network.
Home prices are likely to keep declining as interest rates climb higher.
Many Americans assumed no-money-down mortgages were a thing of the past after the 2008 financial crisis. But Bank of America has brought them back in a new home loan program for some black and hispanic borrowers.
In inflation adjusted terms, single-family home construction spending is probably down by twenty percent or more.
The Bank of America announced it will not require down payments on loans in certain primarily Black and Hispanic neighborhoods in five U.S. cities.
Home prices decelerated more than expected but are still up by double-digits across the country.
A sharp drop in mortgage rates in July probably explains the shallower drop in pending sales.
A much bigger drop than expected.
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers predicted that we’ll “see significant housing
We’re in a housing recession in terms of sales and building. Prices, however, remain high.
On Tuesday’s broadcast of Bloomberg’s “Balance of Power,” White House National Economic Council Director Brian Deese stated that the declining housing market is “the intended result of the Fed’s tightening efforts.” Host David Westin asked, [relevant exchange begins around 17:05]
Homebuilder sentiment weakened for the eighth straight month, falling into negative territory for the first time since the pandemic first hit.
Private spending on single-family homes crashed 3.1 percent in June.
Housing prices in the San Francisco Bay Area dropped 7% from May to June 2022, their largest drop on record since records have been kept starting in 1990, amid an exodus from the troubled city, economic uncertainty, and rising interest rates.
Sales of new homes in the U.S. plunged 8.1 percent to a seasonally-adjusted annual rate of 590,000 in June, a far slower pace than expected by economists.
Big money investors and private equity firms, continuing to buy up affordable mobile home parks, are spiking rents for low-income and working-class Americans.
Senate Republicans have pushed back against the Federal Housing Finance Agency’s (FHFA) move to grant race-based housing subsidies.
Dozens of housing projects across China recently resumed construction after their stalled progress inspired a nationwide boycott in which Chinese homebuyers pledged to halt mortgage payments on pre-purchased, unfinished homes until building continued, China’s state-run Global Times reported on Sunday.
The Bill Gates-backed frontrunner for Conservative Party leader and Prime Minister has focused on banging the war drum on Ukraine, despite her rivals instead promising immigration and tax cuts.
A real estate analysis shows the average rent in Manhattan has risen to $5,058 a month — the highest in history and up 29 percent from last year.
Chinese state regulators vowed to help local governments complete unfinished property projects on Thursday after 100-plus delayed housing projects nationwide reported mortgage defaults in recent days, the state-run Global Times reported.
Rhode Island State Sen. Tiara Mack (D) has doubled down on her upside-down twerking video where she encourages constituents to vote for her.
Single-family home construction came to a standstill.
A report from a website focused on home buying shows the price of housing in the U.S. is soaring — up 21 percent since the start of 2021.
The number of South Korean families that moved from “urban areas to farming villages” reached an “all-time high” last year, Yonhap News Agency reported Thursday, noting that the phenomenon came in response to prolonged pandemic restrictions and surging home prices nationwide.
High home prices and rising mortgage rates are pushing more people to rent, driving up rents.
Gregg Marcel Dixon is running in the Democrats’ open primary against incumbent Jim Clyburn in South Carolina’s Sixth District.
Manufactured homes have long been a way for lower-income people to become homeowners but now this demographic is also feeling the pressure of rising costs and many fear for their future.
The uncertainty of the U.S. economy under Joe Biden is also affecting those in the market for buying a home.
Joe Biden’s Housing and Urban Development (HUD) has issued a report that claims “racial and ethnic bias” in the housing appraisal process.
San Francisco’s Democrat mayor London Breed has a plan to end homelessness for people who claim they are transgender — but her plan could mean women get pushed to the back of the line, says a critic.
Home prices are rising at a record pace.
A homeless veteran living in North Carolina has received the keys to a Winston-Salem home thanks to a local nonprofit that provides veterans with permanent housing solutions.
The California community of Alameda is pushing back against efforts to make neighborhoods denser by adding multi-unit buildings.
Pending home sales fell by more than twice what was expected.
Joe Biden and others on the left believe increasing the inventory of houses Americans can afford requires putting more residences in already existing neighborhoods, including changing zoning laws to allow multiple units on single-family home lots.
What does Burry see that reminds him of 2008?
Jeff Bezos, one of the richest men in the world, wants to expand his portfolio to include investments in single-family home rentals.
Big downward revisions to prior months show inflation and higher rates had slowed the market earlier than thought.
The worst reading since the depth of the early days of the pandemic and lockdowns.
