March New Home Sales Stumble

New home sales took a tumble in March, HUD and the Census Bureau reported Tuesday, hamstrung by the usual suspects: rising interest rates; inadequate inventories and rapidly increasing home prices.

MBA Chart of the Week Apr. 15, 2022: Net Migration by Metropolitan Status

MBA Chart of the Week shows net migration by metropolitan status from spring 2015 to spring 2021. The most recent 2020-2021 data allows us to examine moves during the first year of the pandemic, and to see if, as widely reported, there was accelerated movement out of cities to the suburbs (or even further afield) compared to the five years prior to COVID-19.

Housing Starts Give Spring Home Buying Season Early Momentum

These days, is there really a spring home buying season? Especially when every month feels like buyers are knocking down every available door? Even, so, the New Residential Construction report from HUD and the Census Bureau portends what could be an even busier period for the housing market.

Construction Posts 6th Straight Monthly Gain

Monthly construction spending started the year strongly, increasing for the sixth consecutive month, the Census Bureau reported Tuesday.

January New Home Sales Down 4.5%

January new home sales fell by 4.5% amid supply chain and inventory shortages, HUD and the Census Bureau reported Thursday.

January Housing Starts Down 4.1%

Housing starts stumbled out the gate in January amid ongoing supply chain issues and labor shortages, HUD and the Census Bureau reported Thursday.

Homeownership Rate Holds Steady; Vacancy Rates Hit 38-Year Low

The nation’s homeownership rate held relatively steady at 65.5 percent in the fourth quarter, the Census Bureau reported this week. But analysts said the rate could be somewhat higher, given the current shortage of homes available for sale.