The Lower Sioux Indian Community in Morton, Minnesota, has become the first in the country to create a fully vertically integrated “seed-to-wall” program using industrial hemp — addressing a critical shortage of affordable housing on its reservation. Prompted by U.S. Census Bureau data indicating the need for 200 new homes by 2030, the Lower Sioux […]
Hemp spells affordable housing for Native American community Read More »
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 »
The U.S. housing market is entering a new phase defined less by competitive bidding and more by financial stress and practical necessity, according to a second-quarter Bright MLS agent survey released Friday. The findings reveal a marked departure from previous years’ demand-driven trends, with both home buyers and sellers increasingly motivated — or discouraged —
Bright MLS: Housing market shifts toward necessity, balance Read More »
In today’s report, new home sales fell short of sales estimates and experienced negative sales revisions, while inventory levels increased, which explains why residential construction is in a recession. However, today’s data doesn’t indicate a crash in new home sales. Instead, it highlights my concerns from December 2024: homebuilders are accumulating a lot of completed
New home sales show why residential construction is in a recession Read More »
U.S. homeowners earned a median profit of 50% on home sales in the second quarter of 2025, according to an ATTOM analysis released this week. That figure marked a slight uptick from the 48.9% figure in the first quarter, but it was down from 55.6% during the second quarter of last year. Median home sale
Home prices are higher than ever, but seller profits have slipped 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 »
In cities across the U.S., the scales have tipped, and most of the real estate industry hasn’t noticed. More than 44.5 million households in the United States are renter-occupied, accounting for 35 percent of all homes. But in many of the country’s most economically influential metros, that number isn’t 35 percent but the majority. Manhattan?
The enormous scale of the trade war initiated by President Donald Trump has the potential to upend practically every aspect of the economy, and the most vulnerable space in the real estate industry is homebuilding. Trump has targeted a number of key trading partners for homebuilders — including Canada, Mexico, China and Vietnam. He’s either
Homebuilders are weathering the trade war — for now 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
Bipartisan legislation aims to expand ADU financing Read More »