For the better part of the past decade, investors have flocked to senior living, which was viewed as the golden goose for sure-bet growth as the baby boomer generation aged. More recently, however, due in large part to pandemic-related challenges including health safety considerations and staffing ... READ MORE >
CHART OF THE DAY: Housing market remains strong
Homebuilder confidence dipped slightly in June, with the National Association of Home Builders on Tuesday reporting a confidence index of 80, down from 81 in May. While the recent readings are below the peak of 90 reached last November, they are still above the pre-pandemic high of 76 reached in December ... READ MORE >
Rising rental market is tied to limited supply, not affordability
Higher home prices in the United States are not fueling the rental market, despite media reports to the contrary. Instead, would-be buyers are seeking rentals due to the limited supply of homes for sale in what is expected to remain a hot market throughout the remainder of this year. The primary driver ... READ MORE >
CHART OF THE DAY: Housing market stays steady despite headwinds
The housing market in the United States remained resilient in May as developers continued to grapple with higher costs amid a shortage of supply. Housing starts rose 3.6% to 1.57 million while permits dipped 3% to 1.68 million, according to Commerce Department data released on Wednesday. While off the ... READ MORE >
North American housing markets remain bullish
In spite of the pandemic, the U.S. and Canadian housing markets have seen significant growth over the past year as individuals and families stuck in apartments were driven to the suburbs in search of bigger homes with space to live, work and play. In addition to a rise in demand for single-family housing, ... READ MORE >
CHART OF THE DAY: Housing permits hold while lack of materials stifles starts
Homebuilders continue to be bullish on the American housing market as housing permits remained above 1.7 million for the fifth straight month, coming in at 1.76 million in April, according to government data released Tuesday. We expected permits to remain strong as they are often a result of ... READ MORE >
CHART OF THE DAY: New home sales jump 20.7% in March
New home sales in the United States bounced back with a 20.7% increase in March after a surprising 18.2% decline in February, according to Commerce Department data released Friday. The robust gain, which came as sales surpassed 1 million for the second time this year, shows that February’s decline was ... READ MORE >
CHART OF THE DAY: Existing home sales slump but market remains hot
Sales of existing homes decreased 3.7% in March to an annual rate of 6.01 million for the second straight monthly decline, according to data from the National Association of Realtors released Thursday. But the decline was mostly driven by the dearth of inventory in the market, which continues to be ... READ MORE >
CHART OF THE DAY: Housing is on fire
Housing starts skyrocketed 19.4% in March to 1.739 million, blowing past expectations of 1.613 million and well above the 1.5 million long-term equilibrium, according to government data released Friday. The robust increase is a reversal from February's dip, which in hindsight appears to have been ... READ MORE >
CHART OF THE DAY: New home sales drop 18.2% in February as market cools
The housing market continued to cool off from the torrid pace of last year as bad weather and rising costs took a toll in February. New home sales fell 18.2% last month, compared to January, to a seasonally adjusted 775,000 -- a nine-month low. At the same time, median home prices eased 1% to $349,400 ... READ MORE >