Housing has become so unaffordable in the U.S. that a major homebuying demographic, Millennials, are opting to buy in more affordable exurban areas instead of pricey urban and suburban markets.
The Federal Reserve's dovish policy change making further interest rate increases unlikely for the rest of 2019 sent current rates down, and experts say is a signal of the Fed's view of a "slowing global economy."
Consumer confidence was down in March, surprising experts, and marking the fourth monthly decline since November 2018. The Conference Board's index data show a 5.6 percent decline for the month.
Fifteen years ago, Baby Boomers in Sun Belt states were having big homes built, inspired by Mediterranean and Tuscan design styles. Now, as they seek to downsize, they are increasingly finding that Millennial buyers are not in the market for these homes.
New construction cost index data show growth in March to a 60.4 reading, up from 55.3 in February. A 60-point reading for labor and materials indicates widespread price increases.
While housing market conditions are beginning to favor buyers more now than in the spring of 2018, a new study finds that the average American can't afford a home in more than 70 percent of the country.
NAHB Housing Policy Briefing | The National Association of Home Builders is a Washington, D.C.-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property managem
The infusion of private capital from outside industries into affordable housing initiatives will change communities, and may change the framework of how shelter is delivered there
