Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots. Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units. Full article here: Housing Starts End 2024 on an Up Note (512)...
Though today’s housing market presents a challenge for many hopeful homeowners, a recent Realtor.com® survey reveals that owning a home is still a life goal for many Americans. Roughly two-thirds of Americans have the goal of owning a home and nearly as many (59%) feel that homeownership is achievable for them. Notably, half of all respondents believe that homeownership is necessary to achieve...
Single-family housing starts rebounded in December ending the year with more new construction than in 2023. Despite rising housing inventory coupled with higher uncertainty about the future path of mortgage rates, builders remained cautiously optimistic and ended the year on a strong note. Full article here: Single-Family Starts Rebounded in December 2024 To Their Highest Level Since 2021 (512)...
Mortgage rates are expected to keep mortgage payments essentially unchanged in 2025 despite continued home price growth. With Donald Trump’s victory in the 2024 election, the U.S. housing market could see significant shifts, from regulatory changes to tax policies, and potentially even a recalibration of housing supply and demand dynamics especially since President-elect Trump is a developer...
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