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.

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.

Soaring Gas, Food Prices Drive June Consumer Price Index to 40-Year High

Broad-based increases in major price categories, particularly gas and food, drove the U.S. Consumer Price Index up by 1.3 percent in June month over month and by 9.1 percent year over year—the largest annual increase since 1981, the Bureau of Labor Statistics reported Wednesday.

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.

May Housing Starts Plunge Amid Market Volatility

Housing starts fell sharply in May, HUD and the Census Bureau reported Thursday, as continued market volatility and higher interest rates took a toll on both consumers and home builders.

April New Home Sales Fall to 2-Year Low

New home sales in April suffered double-digit percentage losses for the second consecutive month, falling to their lowest level since June 2020, HUD and the Census Bureau reported Tuesday.