by Beth McGuire | Aug 16, 2024 | Industry News, Latest News, National, News |
The construction of new U.S. homes fell to a 16-month low in July, according to the Census Bureau and the Department of Housing and Urban Development (HUD) on Aug. 16. Factors likely influencing the result are Hurricane Beryl, an oversupply of new houses and high...
by | Jul 24, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Sales of single-family homes in June were 0.6% below the May rate of 621,000, reaching a seasonally adjusted rate of 617,000, according to data released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is significantly below—7.4%,...
by | Jul 17, 2024 | Industry News, Latest News, National, News, Premier |
Single-family housing starts dropped in June as a result of raised interest rates for mortgages and construction and development loans, despite overall housing starts jumping 3% to a seasonally adjusted rate of 1.35 million units, according to new data provided by the...
by | Jul 16, 2024 | Industry News, Latest News, National, News, Premier |
Mortgage rates hovering near 7% and elevated rates for construction and development loans continued to put pressure on builder confidence in July, according to the latest National Association of Home Builders (NAHB) data. Experts feel, however, that this downward...
by | Jun 20, 2024 | Agents, Brokers, Industry News, Latest News, National, News |
Construction of new U.S. homes fell 5.5% in May, dropping to the lowest level since 2020, according to data released June 20 by the Census Bureau and the Department of Housing and Urban Development (HUD). The pace of construction worsened as builders are dealing with...