The country’s housing market had been the talk of the town since September when contracts to purchase previously owned US houses fell by greatest degree in more than the last three years. This served as a clear indicator that the softer economy and the subsequent rise in mortgage rates are hurting the US housing market. […]
Housing continues to be the bright spot in the economy, even as it appears to have somewhat slowed down. Reports continue to show that housing is moving forward despite any obstacles being thrown in the path. Builder confidence for new constructed single family homes is up even as mortgage application volume continues to struggle. According […]
Construction spending missed expectations falling 2.1 percent month-over-month (MoM) in January. Analysts polled by Bloomberg are looking for construction spending to rise 0.4 percent month-over-month. Last month’s reading was revised up to reflect a 1.1 percent MoM rise. Click here to refresh > Construction spending was up 7.1 percent on the year. Private residential constriction […]
We just saw January existing home sales come in better than expectations. But the one key detail was the rise in home prices. The national median existing-home price for all housing types was $173,600 in January, up 12.3 percent from a year ago, according to NAR. Existing home prices continued to rise for the eleventh […]