Tag: U.S. housing market

New U.S. housing starts registered the biggest monthly increase in more than 30 years in May, but some experts raised doubts about whether the trend is sustainable. “Privately owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000. This is 21.7 percent above the revised April estimate of 1,340,000,” according to a June 20 press release ...

High mortgage rates and low inventory plague the housing market with prospective buyers showing high degrees of purchase reluctancy The number of homes for sale has declined from pre-COVID-19 pandemic levels, with high mortgage rates discouraging prospective sellers from putting their properties on the market, said real estate brokerage Redfin. There are now 39 percent fewer homes for sale on ...

A housing project has put up 3D-printed homes for sale in the Austin region, which is said to be the first such project in the United States. The project, first announced by construction startup Icon last year, is being built at Wolf Ranch, a master planned community in the city of Georgetown, Texas, located 25 miles north of Austin. Icon has ...

Homes taking longer to sell while mortgage rates remaining persistently high point to signs of a housing market recession The U.S. housing market continued to show signs of decline as mortgage applications and sales of existing homes fell while properties are taking longer to get sold. Mortgage applications for new home purchases dropped by 11 percent in April 2023 compared ...

U.S. home prices rose in a majority of markets during the first quarter of the year, with around one in 14 markets seeing a double-digit increase in prices. Single-family existing-home sales prices rose in 152 of the 221 tracked markets in Q1, 2023, according to a May 9 press release by the National Association of Realtors (NAR). The top 10 ...