U.S. homebuilders are feeling more confident about their businesses than they have since last summer, as they see better demand despite stubbornly high mortgage rates.Homebuilder sentiment rose 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. The reading gained for the...
Apartments are seen undergoing construction on February 28, 2023 in Austin, Texas. Brandon Bell | Getty ImagesThe apartment market is finally loosening up. At the same time, competition is heating up in some key markets.There is an enormous supply of new apartments coming online this year. And rents have fallen...
A real estate agent walks into a home for sale in Lancaster, Ohio.Ty Wright | Bloomberg | Getty ImagesSales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year...
A "For Sale" sign outside a house in Albany, California, on May 31, 2022.David Paul Morris | Bloomberg | Getty ImagesMortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected.The average rate on the...
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07...
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas.Ed Lallo | Bloomberg | Getty ImagesHome prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index.While that may not seem like a lot, it is...
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty ImagesSales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales...
A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois.Scott Olson | Getty ImagesHomebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index. Anything below 50 is still considered negative, but the index has now...
A for sale sign hangs outside a home on the west side of Detroit, Michigan.Fabrizio Costantini | Bloomberg | Getty ImagesHome prices are rising faster and faster each month, fueled by a decline in mortgage rates.On a national level, home prices jumped 5.2% in November compared with the same...
A sharp drop in mortgage interest rates in December may have kickstarted this year's spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more.Optimism about mortgage rates increased sharply in December, according to a...