July Housing Starts Drop

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,239,000, 12.4% below the revised June estimate, the U.S. Census Bureau reported Tuesday.

Affordability Is Improving–Will Sales Follow?

The housing market shows some signs of improvement, even as overall sales remain below historical norms. Part of that improvement reflects a shift in affordability, First American Deputy Chief Economist Odeta Kushi writes.