Millions of Homes Are Vacant in the U.S.
Home vacancy rates provide insight into housing demand, with high rates often signaling oversupply or reduced demand, which can impact
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Market Data
Solid Job Growth in June
The U.S. labor market remained strong in June, with job growth driven mainly by state and local government and health
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US home price insights — July 2025
Home price growth has slowed significantly nationwide, with May marking the first time in over 13 years that annual gains
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Two or More Story Home Starts Rebound in 2024
In 2024, more than half of the new single-family homes built were two or more stories, reversing a slight dip
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May Private Residential Construction Spending Dips
Private residential construction spending declined for the fifth consecutive month in May, falling 0.5% due to reduced investment in single-family
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Pending Sales Fall As Home Prices Hit Another Record High
Home sellers are increasingly pulling back as the market shifts in favor of buyers, with new listings rising just 2.5%
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Elevated Rates are Challenging Affordability Conditions
High mortgage rates and economic uncertainty continued to sideline buyers in May, causing new single-family home sales to fall 13.7%
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FHA to Cut All Multifamily Mortgage Insurance
The FHA is proposing to lower multifamily mortgage insurance premiums (MIP) to a flat 25 basis points, the legal minimum,
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Mortgage Rates Hold Steady Despite Modest Uptick
In June, average mortgage rates remained steady, with the 30-year fixed rate at 6.82% and the 15-year at 5.95%, both
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Skilled Labor Shortage Costing U.S. Homebuilders
A new report by the Home Builders Institute and NAHB, conducted by the University of Denver, reveals that the U.S.
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Real Estate Mortgage demand drops to the lowest since April
Despite a drop in mortgage rates to their lowest level since April, mortgage applications for home purchases fell 3% last
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House Price Appreciation by State and Metro Area
In early 2025, the pace of home price increases began to slow down, growing by 4.7% compared to the same
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Mortgage Applications Dip in May amid Refinance Slowdown
Mortgage applications dropped by 5.5% in May, mainly due to a sharp decline in refinancing activity, according to the Mortgage
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Monthly Housing Costs Hit All-Time High
The spring home buying season is unremarkable, as it is holding homebuyers due to high housing costs and overall economic
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U.S. Home Price Insights Released for April 2025 by Major Industry Insight Provider
Cotality, formerly CoreLogic, released its monthly home price insights, detailing in the overview that homebuying demand remains weak as households
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Private Residential Construction Spending Rises in February
Rebounding from a 1.2% dip in January, private residential construction spending increased by 1.3% in February. The growth was largely
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Single-Family Housing Starts Hit 12-Month High in February
Limited existing inventory helped single-family starts to post a solid gain in February. However, builders are still grappling with elevated
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Multifamily Completions Rise Again Pushing Absorption Rates Lower and Adding Supply
According to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA), the percentage
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Latest Home Building Geography Index Released Highlights Single-Family Growth
The continued shortage of existing homes for sale has helped to keep new single-family construction growing across all regions. Single-family
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Townhouse Construction Expansion Report in for 2024
Outpacing the rest of the single-family homebuilding market, townhouse construction expanded 10% during 2024. According to Eye On Housing, According to
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Custom Homebuilding Sees Market Gains
A National Association of Home Builders (NAHB) analysis of Census Data from the Quarterly Starts and Completions by Purpose and
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New Report Shows What Determines America’s Hottest Housing Markets
In January, Manchester, New Hampshire, reined again as the United States’ hottest housing market, according to a newly published report
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Framing Lumber Prices
The framing lumber composite price decreased 2.0% for the week ending on Dec. 13. Despite the decline, lumber prices are
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The Role of Housing in U.S. Inflation
In August 2024, U.S. inflation showed modest easing, with the Consumer Price Index (CPI) rising by 0.2% for the month
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Mortgage Rates Forecast for 2024: Experts Predict How Much Rates Will Drop
A look at mortgage rates from Forbes. According to Forbes, despite expectations that the Federal Reserve will finally cut its
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State Agency Report: Vermont Needs at Least 24,000 New Homes
Vermont needs new housing units due to pandemic migration and rising demand. According to VT Digger, Vermont would need to
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A Data Profile of NAHB Remodelers
This new report by the National Association of Home Builders profiles NAHB remodelers. According to The National Association of Home
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Single-Family Starts Weaken in June
Higher interest rates for home mortgages and construction loans constrained both single-family home production and demand in June. According to
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The Goldilocks New Home Market
From May 14–15, 2024, a select gathering of clients and colleagues convened for our annual Housing Summit, representing diverse sectors
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Single-Family Built-for-Rent Starts Post Year-Over-Year Gain
As builders sought to add additional rental housing in a market facing ongoing, elevated mortgage interest rates, single-family built-for-rent construction
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U.S. Housing Starts Accelerate; Building Permits Skid to Eight-Month Low
In June, homebuilding in the U.S. exceeded expectations, although permits for future home construction dropped to their lowest level in
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