New-Home Construction Improves Despite High Inflation, Rising Mortgage Rates, and the Shortage of Skilled Labor and Materials
New-Home Construction Improves Despite High Inflation, Rising Mortgage Rates, and the Shortage of Skilled Labor and Materials
Home builders have shifted their focus to multifamily housing projects as buyers grapple with affordability concerns.
The post New-Home Construction Improves Despite High Inflation, Rising Mortgage Rates, and the Shortage of Skilled Labor and Materials appeared first on Real Estate News & Insights | realtor.com®.
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Home builders have shifted their focus to multifamily housing projects as buyers grapple with affordability concerns.
The post New-Home Construction Improves Despite High Inflation, Rising Mortgage Rates, and the Shortage of Skilled Labor and Materials appeared first on Real Estate News & Insights | realtor.com®.
Home builders have shifted their focus to multifamily housing projects as buyers grapple with affordability concerns.
The post New-Home Construction Improves Despite High Inflation, Rising Mortgage Rates, and the Shortage of Skilled Labor and Materials appeared first on Real Estate News & Insights | realtor.com®.
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New-Home Costs Rising at Unparalleled Rate
They’ve jumped 42% over the last three years, data shows. What are builders doing to bring some relief to the market?
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You are hereHome
News and Commentary
Daily News
© Dan Reynolds Photography - Moment/Getty Images
New-Home Costs Rising at Unparalleled Rate
They’ve jumped 42% over the last three years, data shows. What are builders doing to bring some relief to the market?
Share
Facebook
Twitter
LinkedIn
Print
...
CNBC's Diana Olick joins 'The Exchange' to report on the housing market and mortgage rates.
CNBC's Diana Olick joins 'The Exchange' to report on the housing market and mortgage rates.
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 591,000 annual rate from 709,000 in the prior month, the government said Tuesday. That’s how many homes would change hands in a full year if the number of sales were the same in every month as they were in April. Economists polled by The Wall Street Journal had forecast sales to take place at a 75...
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 591,000 annual rate from 709,000 in the prior month, the government said Tuesday. That’s how many homes would change hands in a full year if the number of sales were the same in every month as they were in April. Economists polled by The Wall Street Journal had forecast sales to take place at a 75...
Mortgage rates have doubled from where they were a year ago, and the home loan refinancing market has fallen off a cliff. And yet, there are still some homeowners who are refinancing their loans.
Mortgage rates have doubled from where they were a year ago, and the home loan refinancing market has fallen off a cliff. And yet, there are still some homeowners who are refinancing their loans.
In a typical housing market, rising interest rates would suppress demand for home purchases because they make monthly mortgage payments more expensive. The current housing market is anything but typical.
In a typical housing market, rising interest rates would suppress demand for home purchases because they make monthly mortgage payments more expensive. The current housing market is anything but typical.
CNBC's Diana Olick reports on a major shift in home sale trends.
CNBC's Diana Olick reports on a major shift in home sale trends.
The Federal Reserve’s recent actions against inflation might have caused it to go lower, but US housing prices 2022 are still on the rise. We saw the Fed increase interest rates by 0.75 bps in its July meeting to combat the upward movement of inflation. Whether the Fed was successful in its fight against inflation or not is still up for discussion. However, we’re seeing a fall in last month’s inflation rate since it reached its highest point in 40 years in June 2022. The lower inflation ...
The Federal Reserve’s recent actions against inflation might have caused it to go lower, but US housing prices 2022 are still on the rise. We saw the Fed increase interest rates by 0.75 bps in its July meeting to combat the upward movement of inflation. Whether the Fed was successful in its fight against inflation or not is still up for discussion. However, we’re seeing a fall in last month’s inflation rate since it reached its highest point in 40 years in June 2022. The lower inflation ...
Compared to renters, local home owners saved hundreds on their monthly payments in March.
Compared to renters, local home owners saved hundreds on their monthly payments in March.
You’re probably well aware that mortgage rates are rising. At the same time, home prices don’t seem to be coming down, there’s still a ton of competition, and you’re probably no stranger to bidding wars when you make an offer on a house. So you might be searching for a way to maintain the buying […]
The post With Mortgage Rates Rising, Is an Adjustable Rate Right for You? appeared first on Lighter Side of Real Estate.
You’re probably well aware that mortgage rates are rising. At the same time, home prices don’t seem to be coming down, there’s still a ton of competition, and you’re probably no stranger to bidding wars when you make an offer on a house. So you might be searching for a way to maintain the buying […]
The post With Mortgage Rates Rising, Is an Adjustable Rate Right for You? appeared first on Lighter Side of Real Estate.