Existing Homes Sales Fall to a Two-Year Low After Mortgage Rates Surge
Sales of previously owned homes in April dropped to the lowest level since the start of the pandemic, the National Association of Realtors said.
May 19, 2022 2 MIN
Housing Starts Dipped in April as Surging Mortgage Rates Chilled Demand
A jump in mortgage rates is shifting builders' focus to rental homes, chilling the for-sale market, said Lawrence Yun, NAR's chief economist.
May 18, 2022 2 MIN
Homebuilder Confidence Falls to Two-Year Low as Mortgage Rates Surge
Homebuilder confidence declined to a nearly two-year low in May as higher mortgage rates discouraged buyers and inflation resulted in more expensive material costs for builders.
May 17, 2022 2 MIN
May Consumer Confidence Falls to 11-Year Low on Inflation Worries
Soaring inflation rates along with elevated housing prices weighed on the minds of Americans.
May 13, 2022 2 MIN
Pending Home Sales Dip as Higher Mortgage Rates, Prices Reduce Affordability
Signed contracts to purchase homes fell 1.2% in March to the lowest level in almost two years, according to the National Association of Realtors.
April 27, 2022 2 MIN
New-Home Sales Fall 8.6% As Record Prices and Surging Loan Rates Reduce Demand
Surging mortgage rates and record-high prices for new houses are straining affordability, according to the National Association of Home Builders.
April 26, 2022 2 MIN
Housing Market Seems ‘Very 2019,’ Signaling a Return to Normalcy, Economist Says
The U.S. housing market is showing signs of a return to pre-pandemic days, a First American economist said in a report.
April 23, 2022 4 MIN
Housing Starts Rise to 16-Year High Led by a Surge in Multifamily Construction
Groundbreakings in March reached the highest level since June 2006 led by a surge in the construction of multifamily units, according to a government report.
April 19, 2022 2 MIN
