The increase marks the first time GDP has surpassed 16% since 2022

January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening

The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady

Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic

The Federal Reserve held rates steady again in December and forecasts three rate cuts in 2024

According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge

Despite being buoyed by a persistent shortage of previously owned properties on the market, high mortgage rates and reduced affordability saw sales of new U.S. single-family homes fall during October

The Midwest and West posted the strongest home building activity in October

Cooling inflation lessens the likelihood that the Fed will continue increasing rates. But despite the slowdown, high housing costs persist