Share of Homes Built on Slabs Surges to 72.4%
According to NAHB’s analysis of the Survey of Construction (SOC), in 2023, the majority of new single-family homes were constructed
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Housing Economy
What Buyers Expect to Pay vs. Actual Home Prices
Recent surveys from NAHB and the U.S. Census Bureau reveal a significant disparity between what buyers anticipate paying and current
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High New Home Inventory: What it Means for Home Building
Housing economists generally recommend that a balanced market inventory equates to a supply lasting five to six months. This metric
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‘Higher-for-Longer’ Cools House Price Appreciation, According to First American
Expect year-over-year price appreciation to follow this cooling trend in the months to come, says First American Chief Economist Mark
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New-Home Construction Rebounds in April Despite Higher Mortgage Rates
New home construction saw a slight increase last month, despite the presence of elevated mortgage rates, partially reversing the significant
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Builders Pulling Back on Single-Family Home Construction
Despite a significant housing shortage nationwide, homebuilders are finalizing their projects and are not actively pursuing as many permits for
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Sales Activity Driven by the Five Ds Amid Persistent Market Headwinds
Home sales are expected to rise driven by lifestyle changes and significant life events By Odeta Kushi Our Existing-Home Sales
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Inflation Just Fell. Will Mortgage Rates Follow?
The Bureau of Labor Statistics announced a slight drop in the inflation rate for April. Though minimal, the reported drop
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U.S. Homebuilders Embrace Strategies to Preserve Capital and Meet Demand More Efficiently
The initial phase of any fresh real estate venture, be it a modern shopping complex or an expansive technology hub,
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Biden’s Top Economist Reveals Key To Ending Housing Crisis
It’s no secret that Americans are unhappy with the state of the United States economy, as consumer sentiment heads even
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Housing Market Nearly Overvalued Nationally, According to First American
Whether affordability drifts over or under in the coming months will depend on whether the supply-tightening response to higher rates
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Fed on Hold with Limited Inflation Progress
At the conclusion of its April-May meeting, the Federal Reserve holds the federal funds rate constant at a top target
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House Price Growth Continues to Cool in March
A ‘higher-for-longer’ mortgage rate environment should help to further slow house price appreciation, says First American Chief Economist Mark Fleming
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How Quickly Do Prices Respond to Monetary Policy?
Monetary policy has a history of operating with “long and variable lags,” as economist Milton Friedman once said. This phrase
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“Higher for Longer” Still Leaves Room for Affordability to Improve in 2024
Even modest improvements in housing affordability will be welcome news for buyers currently sitting on the sidelines, says First American
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Home Prices Post YOY Gains In 96% Of Largest Metros
The CoreLogic S&P Case-Shiller Index, now with a full year of data on record as of December 2023, has indictated
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Recovery in House Price Appreciation Lifts Many Markets to New Price Peaks
In 2023, house prices re-accelerated in many markets with 33 of the top 50 markets reaching a new house price
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Peak National House Price Appreciation May be Behind Us
December dip in mortgage rates may have pushed prices in many markets to new peaks, yet some markets remain well
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House Prices Reach a New Peak, But Not Everywhere
By Mark Fleming In November 2023, the Real House Price Index (RHPI) leaped 11 percent on an annual basis. Affordability
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Finance is Shaping Homebuilding Today
Resolution and adaptability are key for builders to deliver a much-needed supply of homes By Michael Berke As builders strive
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2024 Housing Market Outlook
Though things are looking up, it’s not too hot, not too cold, but not quite right either By Mark Fleming
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Mortgage Rates Will Drop Below 6% This Year, Says Fannie Mae
Fannie Mae, a government-sponsored enterprise that purchases home loans from mortgage lenders, recently released a report predicting that mortgage rates
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Housing Market Update: Activity Is Picking Up in 2024
Redfin economists believe demand and listings would be rising more if not for harsher-than-usual winter weather as 2024 shapes up
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Builders to Benefit From 2024 Affordability Crunch
High mortgage rates and home values strain affordability, but builders, with incentives, are expected to outperform this year By Alex
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Mortgage Rates Slide To Lowest Since May
According to the National Association of REALTORS, mortgage interest rates continued their decline this week and have hit the lowest level
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Normalcy on the Horizon for 2024
A return to the normal economic relationship between mortgage rates and home sales is expected By Brad Hunter It has
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Falling Mortgage Rates Spark Increase in Housing Market Potential
Recent mortgage applications data indicates a thaw in the housing market is upon us, says First American Title Chief Economist
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2023 in Review: A Challenging Year
Despite facing persistent headwinds, the United States homebuilding industry proved to be resilient By Cristian deRitis The past year was
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30-Year Mortgage Rates Fall to September Levels
Dropping to nearly their lowest level in three months, the 30-year fixed mortgage rate is now at 7.53%, as of
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Affordability Crunch Poised to Ease Modestly in 2024
In 2024, the housing market will not be pandemic hot, nor monetary-tightening cold, but it may not be quite right
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Jump In Mortgage Activity As Rates Decrease
Through the week ending November 3rd, total mortgage activity increased 2.5% from the previous week, per the Mortgage Bankers Association’s
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