The numbers: Construction on new U.S. homes fell a seasonally adjusted 0.5% in November to 1.43 million, the Commerce Department said Tuesday. The drop in construction on homes follows the Read more
Tag: Housing Starts
Housing starts drop 4.2% as high mortgage rates scare off home buyers
The numbers: Construction on new houses fell 4.2% in October as high mortgage rates scared off buyers and forced builders to scale back, a situation that’s likely to fester through 2023. Read more
Rents in these cities and states actually declined in September
More than 60% of statewide markets measured by Rent.com saw rents drop in September compared to August — another sign of prices cooling down after soaring to dizzying highs earlier Read more
U.S. housing starts retreat in September, dragging down U.S. growth
The numbers: Construction on new U.S. homes fell a seasonally adjusted 8.1% in September to 1.44 million, the Commerce Department said Wednesday. The drop in construction on homes reverses a Read more
U.S. housing starts retreat in September, dragging down U.S. growth
The numbers: Construction on new U.S. homes fell a seasonally adjusted 8.1% in September to 1.44 million, the Commerce Department said Wednesday. The drop in construction on homes reverses a Read more
These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. “The headwind from higher mortgage rates has already been visible Read more
Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why.
For the first time since November 2021, U.S. median monthly rents failed to notch a new record high and even fell a little compared to the previous month — by Read more
Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021
Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to Read more
U.S. housing starts rebound in August on new apartment construction
The numbers: Construction on new U.S. homes rose a seasonally adjusted 12.2% in August to 1.58 million, the Commerce Department said Tuesday. The rise in construction on homes reverses a Read more
U.S. housing starts fall in July to lowest level since early 2021
The numbers: Construction on new U.S. homes fell a seasonally adjusted 9.6% in July to 1.45 million, the Commerce Department said Tuesday. The level of starts in July since February Read more
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