DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
— - 2 Skillington - 2 they’d - 1 aren’t - 1 ’ - 1 ” - 1 Shaun Donovan - 1 Kamala Harris - 1
Top related locs:
America Wells Fargo Houston homebuying Wall Silicon Federal
Top related orgs:
National Association of Home Builders - 3 Service - 3 CNN - 1 Housing - 1 Urban Development - 1 National Association of Realtors - 1 Partners - 1 Federal - 1

Search resuls for: "Skillington"


4 mentions found


☆ It will take more than just a drop in interest rates to save the housing market
  + stars: | 2024-09-23 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +6 min
But while lower mortgage rates may translate to more buying power for homebuyers, America’s housing market woes aren’t likely to be solved solely by rate cuts. But Enterprise Community Partners, the nonprofit where Donovan currently serves as CEO, estimates that the US needs 7 million new units in order to stabilize the housing market. “There are a lot of factors that have affected the housing supply and these are complicated issues to solve. “We’re not expecting mortgage rates to fall that much further, and we still think that the mortgage rate ‘lock-in’ effect will still be there,” Dougherty said. “Things will probably pick up as rates come down, but we’re not looking for a high-octane rebound,” Dougherty said of the housing market.
Persons: they’d, aren’t, ’, ”, Shaun Donovan, Kamala Harris, Donald Trump, ” Donovan, Harris, Trump, Donovan, Jerome Powell’s, Freddie Mac, Charles Dougherty, That’s, “ We’re, ” Dougherty, ” Powell, that’s, Dougherty, “ It’s, ” Ryan McLennan Organizations: CNN, Housing, Urban Development, National Association of Realtors, Partners, Federal, Fed, National Association of Home Builders, homebuilders, Consumer Financial Locations: America, Wells Fargo, Houston, homebuying
☆ Rate cuts might make it cheaper to buy a house, but they won't fix the US housing market's biggest problem
  + stars: | 2024-09-21 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +5 min
The Fed's interest rate cut will ease financing conditions for homebuilders, analysts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Federal Reserve's rate cut will surely impact the housing market, but its effect likely won't affect arguably the most important part of the equation: keeping affordability tight. But how this translates into a much-needed supply boost is a different story, and there are factors the Fed cut won't fix. Lingering uncertaintiesAdvertisementFor instance, Nanayakkara-Skillington noted that material pricing, from drywall to steel mill products, has weighed heavily on homebuilders since the pandemic.
Persons: —, it'll, NAHB's, Skillington, NAHB, Michael Neal, Fitch, Neal Organizations: Service, National Association of Home Builders, Urban Institute senior, Fitch
☆ The housing market is heating back up. But only a small percentage of new homes are fully-built.
  + stars: | 2024-01-25 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +2 min
Read previewNew-home sales rebounded in December, rising 8% as homebuyers rushed to take advantage of falling mortgage rates, US Census Bureau data shows. But while consumers appear eager to re-engage with the housing market, new purchases don't mean an immediate move-in for some. This decline from 8% peak levels in October was spurred by bets that the Federal Reserve would start cutting interest rates. Of that, new homes took on a bigger share of the inventory, as high mortgage rates kept homeowners from selling. Still, NAHB's CEO Jim Tobin separately expects construction and demand to take off in 2024, once consumers realize ultra-low mortgage rates aren't coming back.
Persons: —, homebuyers, Skillington, Jim Tobin Organizations: Service, Business, Federal Reserve, National Association of Homebuilders
☆ Construction on new homes snaps uptrend, hitting key source of new supply
  + stars: | 2023-07-19 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +2 min
Construction on new single-family homes fell 7% to a seasonally adjusted annual rate of 935,000 units. Multifamily housing starts fell 11.6% to 482,000 units, the lowest since December. Meanwhile, multifamily housing starts dropped to 11.6% to 482,000 units, hitting the lowest rate since December. In fact, new construction made up almost a third of active listings in May, while pending sales of existing homes fell 2.7% month to month. But a drop in US bond yields should offer some relief for mortgage rates and the housing market.
Persons: Danushka Organizations: Service, National Association of Home Builders Locations: Wall, Silicon, Federal
0 next >>
Total: 4