Jack Bjorklund
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NAR: November Existing-Home Sales Rose 4.8%, Strongest Y-O-Y Gain Since June 2021
The National Association of Realtors reported that existing house sales increased in November. Sales grew in three major...
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Single-Family Starts Gain While Multifamily Fails
Ongoing low levels of single-family existing home inventory boosted single-family output in November, while overall housing production declined...
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Single-family permits rise October 2024
In the first ten months of 2024, the total number of single-family permits issued year-to-date (YTD) nationally was...
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Building Materials and Lumber Prices Rise in November
According to the U.S. Bureau of Labor Statistics’ most current Producer Price Index (PPI) data, prices for inputs...
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Inflation Sticks Despite Lower Housing Costs
Inflation rose to 2.7% in November, meeting predictions, but the last stretch to the Fed’s 2% objective becomes...
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October Private Residential Construction Spending Rises
Private residential construction spending grew by 1.5% in October, according to the most recent US Census Construction Spending...
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Higher Rates Lower October New Home Sales
In October, many potential home buyers stayed away due to steadily rising mortgage rates and continued affordability issues....
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NAR: October Existing Home Sales Rebound
Existing home sales returned from a 14-year low in October, posting the first yearly increase in more than...
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Freddie Mac: Higher Mortgage Rates Slow October Housing Production
According to Freddie Mac, housing starts decreased last month as the average monthly mortgage rate rose by a...
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Townhouse Construction Gains Momentum
Year-over-year improvements in townhouse construction continued in the third quarter of 2024, as demand for medium-density housing remained...
