New Home Sales Slip in April

Sales of new single-family homes in April were at a seasonally adjusted annual rate of 634,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development.

Housing Starts Fall in March

Housing starts fell 14.7% month-over-month and 4.3% year-over-year in March, per the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

CoreLogic: Homeowner Equity Up 8.6% in Q4 2023

CoreLogic, Irvine, Calif., released its Homeowner Equity Insights report for the fourth quarter of 2023, finding homeowners with mortgages have seen their equity increase by a total of $1.3 trillion since Q4 2022. That’s a gain of 8.6% year-over-year.

Builder Sentiment Increases for Third Consecutive Month

Expectations that mortgage rates will continue to moderate, the prospect of future rate cuts and a protracted lack of existing inventory boosted home builder sentiment for the third straight month.