New-home sales have been a relative bright spot in an otherwise stagnant housing market. But that’s changing and homebuilders recognize it. According to June 2025 data released Friday by the U.S. Census Bureau, single-family home construction is down year over year at every stage of the process. This includes permits (-8.4%), starts (-10%), completions (-15.5%) […]
Single-family home construction declines are accelerating Read More »
While any rate watcher’s bingo card should always have a few squares devoted to “unchanged, flat, etc.,” this week’s had at least as many squares reserved for a big reaction to inflation data. Specifically, Tuesday’s inflation data had the power to cause a big move in rates. While it was the week’s biggest influence, rates
Mortgage Rates Barely Budge Today and This Week Read More »
The ongoing slump in existing home sales is quite likely to curb consumer spending in the U.S. in the not-too-distant future, economists at First American Financial warn. With the exception of the fourth quarter of 2024, existing home sales have declined year-over-year for 15 consecutive quarters. But durable goods purchases tied to housing are still
Stagnant home sales likely to be a drag on US economy Read More »