One reason for the inadequate supply is that many homeowners are sitting on low-rate mortgages locked in during the pandemic and before. … READ MORE >
Real estate
Morning market minute: FHA loan demand shows rising stress among homebuyers
While conventional home loans still make up approximately 60% of all loans, purchasing a home at this point is financially out of reach for a growing percentage of the population. … READ MORE >
Housing starts fall below estimates as permits rebound
The recent levels of starts and permits do not suggest enough future supply to meet the growing demand of American households to keep home prices under control. … READ MORE >
How Canadian real estate leaders can adapt and succeed in a volatile 2025
Canadian real estate leaders must decide how to act in 2025 as further interest rate cuts loom, stricter immigration policies take effect and the federal government’s 10-year bonds are up. … READ MORE >
Housing starts and permits fall in October as hurricanes take a toll
The total number of starts in October was 1.3 million, marking the 30th straight month of staying below our long-term sustainable level of 1.7 million. … READ MORE >
Housing starts and permits ease in September
September’s housing starts came in at 1.35 million, down 0.5% from August, while building permits, a proxy for future projects, fell 2.9% to 1.4 million. … READ MORE >
Fed loan officer survey shows CRE standards continue to tighten
The tightened lending standards stem from an increase in funding costs and the increase in the loan-to-value ratios that we’ve seen across the nation. … READ MORE >
Jobless claims ease as housing starts drop
Initial jobless claims dropped by 5,000 last week to 238,000 yet remained elevated near a 10-month high as housing starts fell in May to the lowest level since June 2020 … READ MORE >
U.S. new home sales miss forecasts amid rising mortgage rates
New home sales fell below estimates in April as mortgage rates surged to above 7%, the Census Bureau reported on Thursday. … READ MORE >
Soft housing and manufacturing data fuels prospect of rate cut
Economic data on housing, manufacturing and jobs released on Thursday pointed to softer-than-expected economic activity in the second quarter. … READ MORE >