August Housing Starts Rise; Drop in Permits Casts Shadow

The good news: August housing starts beat expectations, rising by more than 12 percent from July. The bad news: housing permits fell just as dramatically, lending uncertainty to an already volatile 2022 housing market.

July Construction Spending Tapers

Construction spending fell in July, marking the second consecutive monthly drop, the Census Bureau reported Thursday.

July New Home Sales at 6-1/2 Year Low; Price Growth Decelerates

New home sales fell to their slowest pace in six and a half years, while inventories stockpiled, HUD and the Census Bureau reported Tuesday. In a separate report, RE/MAX, Denver, said median home sales prices fell for the first time since January

July Housing Starts Take Sharp Hit

It already hasn’t been a good week for housing. On Monday, the National Association of Home Builders reported its Housing Market Index fell for the eighth straight month to two-year low. And on Tuesday, HUD and the Census Bureau reported housing starts fell in July by nearly double digits to its slowest pace since 2020.

MBA Chart of the Week Aug. 8, 2022: Mortgage Payment to Rent Ratio

This MBA Chart of the Week examines the relationship between mortgage payments and asking rents since the second half of 2009. MBA’s national mortgage payment to rent ratio compares the national median and 25th percentile mortgage payments to the national median asking rent.

U.S. Homeownership Rate at 2-Year High

The U.S. homeownership rate rose to 65.8 percent in the second quarter, matching its highest rate since 2020, the Census Bureau reported this week.

U.S. Homeownership Rate at 2-Year High

The U.S. homeownership rate rose to 65.8 percent in the second quarter, matching its highest rate since 2020, the Census Bureau reported this week.

June Construction Spending Down; Manufacturing Slows

Construction spending in June fell by more than 1 percent from May, the Census Bureau reported Monday. In a separate report, Institute for Supply Management, Tempe, Ariz., said its Manufacturing Index fell by 0.2 percent to a nearly two-year low.

May New Home Sales Jump 11%

May new home sales proved to be a solitary bright spot in a month of otherwise disappointing housing reports, rising by nearly 11 percent from April, HUD and the Census Bureau reported Friday.