Search results for:

Data published today by the US Census Bureau has left some housing experts wondering whether the party’s over for the new construction market.

The home building industry is making up for lost time, constructing new single-family homes at a pace not seen since 2007.

As of 2019, the median age of an owner-occupied home was 39 years, up from 31 years in 2005.

April’s weakened performance was largely expected due to rising material costs, labor shortages, and a lack of buildable lots for sale.

Record-high lumber prices prompted homebuilders to delay construction in April, causing single-family housing starts to decline by 13.4 percent month-over-month.

According to the latest residential construction report from the Census Bureau, housing starts climbed 5.8 percent to 1.67 million annualized units last month.

Facing historically low inventory levels and frenzied bidding wars in the resale market, buyers are snapping up new single-family homes at breakneck speed.

The US housing market continues to exceed expectations amid the ongoing COVID-19 pandemic.

After plunging a record 30.2 percent in April, privately-owned housing starts rebounded in June to a seasonally adjusted annual rate of 1.19 million units, according to the latest US Census Bureau data.

The Mortgage Bankers Association (MBA) has released its Mortgage Credit Availability Index (MCAI) for the month of April, recording a 12.2 percent decline over the previous 31-day period to 133.5.

New data suggests there was a 50 percent decrease in repeat homeowners when comparing 2001 to 2015.

Point allows equity rich homeowners to sell a piece of their home for an upfront lump sum.