Confidence among US homebuilders fell to the lowest level since December 2022 in June, with potential buyers deterred by high mortgage rates and anxiety about tariffs and the economy. A gauge of market conditions from the National Association of Home Builders and Wells Fargo slipped 2 points to 32 this month. Economists expected 36 in […]
US homebuilder sentiment drops to lowest level since end of 2022 Read More »
Housing permits fell in April, according to the National Association of Home Builders. This marks the fourth month in a row of depressed housing permits, a sign that builders continue to pull back on construction amid an anemic housing market. Nationwide permits to build single-family homes were down 4.7% through April compared to the same
Builders scale back as costs, supply rise Read More »
As President Donald Trump continues his push for tougher immigration enforcement and higher tariffs, Americans are increasingly split on how it will affect home prices, a survey from real estate firm Redfin found. In the survey, 51% of respondents agreed when asked if they thought that less immigration would lead to fewer construction workers and
Tariffs, immigration fears stoke housing cost debate Read More »
Technology-backed real estate platform Realpha is expanding into Texas, the latest move in its attempt to establish end-to-end home buying services across the country. Already active in Florida, Realpha rolled out its platform to the Lone Star State through an agreement with national brokerage Continental Real Estate Group, allowing it to build a customer base
Tech-driven homebuyer platform Realpha hits Texas Read More »
Housing prices decelerated to their slowest growth rate in two years, offering positive signals for consumers looking to buy a home in 2025, according to a new report from Intercontinental Exchange. ICE Markets’ latest Home Price Index showed housing values were up just 1.4% in May year-over-year. Seasonally-adjusted prices fell by 0.01% compared to a
Housing prices soften further in Sunbelt, West, report shows Read More »
A lumber trade group is taking issue with the National Association of Home Builders’ stance against President Trump’s proposed tariffs on Canadian wood products. Following comments made on Fox Business earlier this week by NAHB CEO Jim Tobin, the U.S. Lumber Coalition called out the homebuilders’ association, which has publicly spoken out against several of
Tensions rise between trade groups over lumber tariffs Read More »
Wall Street is cranking up the bond machine as US homeowners, finding that buying a new house is out of reach since mortgage rates started climbing in 2022, are instead getting home equity loans and sprucing up their current properties. Roughly $18 billion of bonds, backed by consumer loans on everything from second mortgages to
Home remodeling bond sales surge as Americans avoid moving Read More »
Invitation Homes is stepping into the lending business, loaning $32.7 million to a Texas developer for a Houston housing project. The single-family rental giant said the loan to the unnamed builder will support 156 homes, and it will have the option to purchase the project. The publicly traded company, which owns or manages over 110,000
SFR giant Invitation Homes starts lending to homebuilders Read More »
The Trump administration is defending new building standards that over a dozen states and a leading industry trade group say will markedly raise housing costs. A federal judge this week scheduled a hearing which could determine the fate of the lawsuit over the adoption of energy efficiency standards a decade in the making. The Department
HUD, USDA defend rule NAHB argues will hike housing costs Read More »
More markets are watching falling home prices as the inventory of properties for sale piles up. Home prices grew 1.6% in May from the same time last year, down from April’s 2% annual growth rate according to Intercontinental Exchange. The company’s Home Price Index is the latest report showing continued growth in the nation’s house
Home prices are fading in the West as inventory rises Read More »