The U.S. land market is rapidly losing momentum, with demand falling to levels not seen since late 2022, according to Q2 2025 data from John Burns Research & Consulting. Only 28% of land brokers describe demand as strong, down sharply from 76% a year ago. The pullback marks a steep reversal after two years of […]
US land market cools as demand, deals dry up Read More »
New home sales followed the existing home sales market by beating sales estimates and having positive revisions in today’s report, which suggests that we are already seeing some benefits of lower mortgage rates. While it’s not a spectacular number by any means, if mortgage rates can get toward 6% and just stay there for some
Have lower mortgage rates already boosted the homebuilders? Read More »
Sales of new US homes exceeded forecasts in July after an upward revision to the prior month, as prices eased and heavy incentives enticed more buyers off the fence. Contract signings on new single-family homes ticked down to a 652,000 annualized rate, with the strongest demand in the West, according to a government report issued
New-home sales exceed forecast following upward revision Read More »
No one in the homebuilding business I know is sitting around waiting for things to get easier. That’s not how this works. Not in 2025. Not when mortgage rates, insurance shocks, permitting delays, capital costs and housing politics are all pulling in different directions. Not when builders are expected to do more with less, and
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Realtor.com has released a report that ranks the leading U.S. metropolitan areas for new residential construction as the country faces an estimated shortage of 4 million homes. The analysis examined the 100 largest metros based on the new-home share of listings, pricing compared to existing homes, climate risk and buyer demand. Fayetteville-Springdale-Rogers, Arkansas, topped the
Arkansas, Idaho metros lead the pack for new-home construction Read More »
Michigan cities and a bipartisan group of state lawmakers are backing a $160 million annual budget proposal aimed at increasing housing construction and rehabilitation through local zoning changes and financial incentives. Officials say it could spur 10,000 new homes over five years — or about 2,000 a year — at a total cost of $800
Michigan cities, lawmakers seek $800M for housing incentives Read More »
Housing market dynamics have grown more favorable for buyers and sellers in August, and it’s possible that the fall of 2025 could see even better conditions if mortgage rates return to 6%. But they haven’t approached that level in nearly a year and haven’t been consistently below that threshold since late 2022. Rates have been
Mortgage rates continue their slow march toward 6% Read More »
Housing starts in the US climbed in July to five-month high, led by the strongest pace of multifamily construction in more than two years. New residential construction increased 5.2% last month to an annualized rate of 1.43 million homes, according to government figures released Tuesday. That was above all forecasts in a Bloomberg survey of
Housing starts rise to five-month high, led by multifamily Read More »
Home Depot Inc. sales returned to growth in the second quarter as shoppers invested in smaller projects, such as lighting and gardening. The world’s largest home-improvement retailer said comparable sales grew 1% in the quarter, modestly below what analysts had estimated but an improvement from a 3.3% slump a year ago. “These may be shallow
Home Depot sales gain as shoppers opt for smaller projects Read More »
New York-based Greystone Real Estate Capital has closed its first affordable housing fund, raising $103 million to finance nearly 1,000 rental units across six states. The fund — called Greystone Affordable Housing Fund I LP — will support a total of 11 developments in Louisiana, Massachusetts, Mississippi, New Jersey, Ohio and Pennsylvania. In total, the
Greystone’s $103M affordable housing fund to support rental units in six states Read More »