Existing home sales retreat to nine-month low
In June, home prices climbed and hit another record high while existing home sales dropped in its 9 month low.
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Market Data
Rising Construction Wages Emphasize Continued Labor Shortage Troubles
The individual hourly wages rose 21.1% from 2021 to 2024 for construction works despite the overall number of construction jobs
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The Multifamily Reset is Taking Shape
Insights from leading operators, strategists, and consultants share what’s now and next within the multifamily and build-to-rent market. While the
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Federal Reserve Board Member Adriana Kugler Gives Speech
At the Housing Partnership Network Symposium, Federal Reserve Board Governor Kugler outlined housing supply and demand factors that impact construction
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Construction Sector Jobs Data Show Increase in June
According to the Bureau of Labor Statistics, the construction industry showed a net positive 15,000 jobs in June. While 26
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Housing Cost Burden Reaches Decade-Long Peak, Straining Homeowners
Homeownership is becoming less affordable for many Americans, especially younger buyers and older adults trying to age in place. Between
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Homebuyers Gain Purchasing Power As Rates Dip to Lowest in 3 Months
The average mortgage rate fell to 6.67% in early July, giving homebuyers a $16,000 boost in purchasing power compared to
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This Week’s Framing Lumber Prices
Softwood lumber prices held steady at $422 per 1,000 board feet on July 4, 2025, the lowest since October 2024,
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2024 Multifamily Construction: Units Completed Reaches 38-year High
Multifamily housing completions hit their highest level since 1986 in 2024, with 608,000 units finished, according to the NAHB’s analysis
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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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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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