Economics Federal Reserve Chair Says the Economy’s Future Lies in Lumber Lumber’s twists and turns resulting from the pandemic are Federal Reserve Chair Jerome H. Powell’s guide to the future of the U.S. economy....
Financing Some Buyers Fear the End of Low Mortgage Rates is Here Both mortgage rates and applications to refinance a home loan increased slightly last week, reversing course of previous trends. Rates for...
Market Data + Trends Sellers Make Fewer Yet Larger Price Cuts in 2021 When sellers drop the price of their home in 2021, it’s done so faster than usual and results in the home selling faster and for more money,...
Market Data + Trends Average Rental Prices Hit 2-Year High, But Not Everywhere Last year, property managers in urban areas used concessions to incentivize new tenants as Americans grew weary of high-density living due...
Housing Giants 2021 Housing Giants Report: An Unforgettable Forgettable Year New and old challenges confronted the housing industry in 2020, and it may never be the same
Builders Invitation Homes CEO Says Market is 'Extremely Healthy' The supply and demand dynamics that brought the housing market to where it is today will likely remain stable, resulting in steadily...
Building Materials Lumber Prices Finally Cool as Demand Relaxes The demand for lumber from builders, remodelers, and at-home DIYers helped drive prices up to $1,600 per thousand board feet, but recent...
Affordability Housing Affordability, Median Incomes Took a Hit in April As monthly mortgage payments increased by double digits in April from March, median family income declined. The National Association of...
Economics The Federal Reserve Anticipates Rising Interest Rates in 2023 In Federal Open Market Committee meetings this week, Federal Reserve members said interest rates will likely rise twice in 2023. Interest...
Building Materials Residential Building Materials Prices Up 23% Prices paid for goods used in residential construction increased 22.5% compared to one year ago, with specific material prices advancing...
