The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps […]
Just days into 2023, homebuilders across the country saw a noticeable uptick in demand, as price-sensitive buyers sought relief from last year’s mortgage rate shock. The combination of builders’ price adjustments—which were substantial in Western markets like Salt […]
Mortgage rates are now hovering around 7 percent — the highest they’ve been since 2007 — thanks to the Federal Reserve’s efforts to tame inflation. Central bankers have lifted their official policy rate to about […]
The number of homes for sale in the U.S. fell 7.1% year-over-year in May, real estate brokerage Redfin reported on Wednesday. With 1.4 million homes on the market, May represents the lowest number since Redfin began keeping […]
Housing starts are surging today and the builder’s confidence data is now in expansion territory. Does this mean the housing recession is over? As I have said many times over the last few months, the builders […]
Homebuilders are responding to an increase in new home sales and an extremely low level of existing home inventory by getting a jump start on new projects. Privately-owned housing starts in May 2023 checked in […]
We’re revisiting housing inventory today because it’s one of the key sticking points that’s keeping home prices elevated and buyers wary. Jerome Powell said last week that housing activity is bottoming and could be improving already — […]
Launched to offer cheaper homes to low- and mid-income families, the affordable housing scheme is facing major headwinds. As homebuyers shy away from the affordable homes segment, its share in the overall residential real estate […]
In 2019, Canada Apartment Properties Real Estate Investment Trust (CAPREIT) purchased 68 manufactured home parks in B.C., Alberta and Ontario with more than 11,000 homes, which has expanded since to 77 such communities. Now Mark […]
Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Mortgage rates fell last week after the debt ceiling issues […]
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