The Senate Banking Committee will hold its first bipartisan housing markup in more than a decade, Chairman Tim Scott (R-S.C.) and Ranking Member Elizabeth Warren (D-Mass.) announced Thursday evening. The executive session, which will involve the consideration of the ROAD to Housing Act of 2025, will also include the unveiling of a sweeping legislative package […]
Scott, Warren announce bipartisan housing bill markup Read More »
Sales of new homes in the US remained weak in June as builders’ heavier use of sales incentives failed to motivate buyers put off by high costs. Contract signings on new single-family homes increased 0.6% to an annualized rate of 627,000 last month, according to government data released Thursday. That fell short of the 650,000
New-home sales remain tepid on affordability constraints Read More »
On Wednesday, U.S. Reps. Mike Flood (R-Neb.) and Brittany Pettersen (D-Colo.) introduced the Identifying Regulatory Barriers to Housing Supply Act. The bipartisan measure aims to increase housing supply by encouraging local governments to examine and reduce restrictive zoning and development policies. “Housing affordability is a major concern for communities nationwide,” said Flood, who chairs the
Bipartisan housing bill targets local zoning barriers Read More »
With all the doomsday soundbites about housing, it might be surprising to hear that home prices reached an all-time high today, according to the existing home sales report from the National Association of Realtors (NAR). On the bright side, inventory growth has increased in 2025, although this report showed a slight month-to-month decline. This growth
Home prices hit all-time high, but more inventory cools price growth Read More »
Sales of previously owned US homes fell in June to a nine-month low as potential buyers continued to bristle at record prices and high borrowing costs. Contract closings decreased 2.7% in June to an annualized rate of 3.93 million, a report from the National Association of Realtors showed Wednesday. Economists surveyed by Bloomberg expected a
Existing-home sales fall to nine-month low on record prices Read More »
A bipartisan bill introduced last week in the U.S. House of Representatives seeks to address the nation’s housing shortage by expanding financing options for accessory dwelling units (ADUs). Reps. Sam Liccardo (D-Calif.) and Andrew Garbarino (R-N.Y.) unveiled H.R. 4568 — the Supporting Upgraded Property Projects and Lending for Yards (SUPPLY) Act. The proposed legislation would
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Shares of D.R. Horton rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish. Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020. The builder’s stock
D.R. Horton jumps on profit beat despite soft housing market Read More »
In a move to overhaul how California manages its housing and homelessness response, Gov. Gavin Newsom has proposed to divide the state’s Business, Consumer Services and Housing Agency into two distinct entities — the California Housing and Homelessness Agency (CHHA) and the Business and Consumer Services Agency. With no veto coming from the California State
California creates office dedicated to housing, homelessness issues Read More »
For-sale housing inventory is sitting at its highest point in years despite a pullback in new listings, and the contrasting numbers indicate long-standing affordability challenges are still impacting the market, leading real estate brokerages found. Approximately 1.36 million homes were on sale in June, the greatest volume since late 2019, according to the latest data
What’s behind the increase in housing inventory? Read More »
In a week marked by discussions of the potential firing of Federal Reserve Chair Jerome Powell and inflation data, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads. Mortgage spreads have improved significantly since 2023, leaving us just 0.49% from normal levels, based on the data we use. This means we can achieve
Mortgage spreads are almost back to normal Read More »