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US homebuilding - 1 ” - 1 Robert Frick - 1 Lisa Sturtevant - 1 “ - 1 Sturtevant - 1
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Search resuls for: "US homebuilding"


3 mentions found


☆ US homebuilding sees biggest drop since April 2020
  + stars: | 2024-02-16 | by ( Anna Bahney | ) edition.cnn.com   time to read: 1 min
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☆ Homebuilding bounced back in September
  + stars: | 2023-10-18 | by ( Anna Bahney | ) edition.cnn.com   time to read: +2 min
Washington, DC CNN —US homebuilding bounced back in September, after dropping in August to the lowest levels since 2020 as mortgage rates climbed. Building permits dropped in September, falling 4.4% from August’s revised number to a seasonally adjusted annual rate of 1.473 million. “Builders continue constructing smaller homes using less land, and offering incentives, but to build our way out of the housing shortage we’ll need mortgage rates well below current levels,” he said. Homebuilders are becoming increasingly anxious about persistently high mortgage rates and cooling demand, she said. “To keep buyers interested, many builders have been offering upgrades or buying down mortgage rates,” she said.
Persons: US homebuilding, ”, Robert Frick, Lisa Sturtevant, “, Sturtevant Organizations: DC CNN, US, Housing, Census, Navy Federal Credit Union, “ Builders, Bright MLS Locations: Washington
☆ Canada's housing bubble is a cautionary tale for the US real-estate market
  + stars: | 2022-04-13 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +5 min
Canada's housing market is in overdrive as prices soar to record highs. The US housing market is starting to resemble Canada's — that should be a cautionary tale for all. As housing affordability plummets in Canada, it's hard to ignore the similarities to the US real-estate market. As affordability plunges in Canada, it stands as a reminder of how inventory can offset a real-estate market. The solution for both countries, Dietz said, is simple in theory but difficult in practice: "The key to improving housing affordability is increasing inventory."
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