Outlays for construction projects rose 0.2% in November to $1.81 trillion, the Commerce Department reported Tuesday. Wall Street was expecting a drop of 0.4%. Spending in October fell a revised Read more
Tag: Real Estate Markets
U.S. pending home sales fall 4% in November to the lowest level since April 2020
The numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, according to the index released Wednesday by the National Association of Realtors (NAR). The Read more
Home price growth falls in October, as market feels effect of high mortgage rates
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise fell 0.5% in October, its fourth monthly decline. Year-over-year appreciation rose 8.6%, slowing from 10.4% in the previous month. Read more
U.S. new home sales rose in November by 5.8%
The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday. The Read more
U.S. existing-home sales fall for the 10th straight month in November — longest losing streak on record
The numbers: U.S. existing-home sales fell 7.7% to a seasonally adjusted annual rate of 4.09 million in November, the National Association of Realtors said Wednesday. This is the 10th straight Read more
U.S. building permits fall 11.2% in November, while housing starts only dip slightly
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
Wages are up, but so are costs. Help us report on how that’s affecting you.
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to Read more
U.S. Pending Home Sales Fell in October as Demand Wanes — NAR
By Xavier Fontdegloria The number of houses going under contract in the U.S. declined again in October as rapidly rising mortgage rates and low affordability hurt demand, data from the Read more
U.S. home prices fall for third straight month in September: Case-Shiller index
The numbers: The S&P CoreLogic Case-Shiller U.S. 20-city price index fell 1.2% in September, its third consecutive monthly decline. The decline matches the forecast of economists were expecting a 1.3% Read more
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