Maegan Sherlock, senior research analyst for John Burns, spoke with Intel about the results of the firm's latest household sentiment survey: 'I was hoping to see a new magic mortgage rate'
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports
Builders have seen cancellation rates spike this year as buyers now struggle to afford the homes they signed up for months ago, according to data from John Burns Real Estate Consulting
August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436B, a 2.9% fall from July, according to US Census Bureau data released Monday
Homebuilders are reporting shorter construction timelines and fewer supply-chain issues as they deal with a drop in demand for new houses, according to a new survey of homebuilders
Builder sentiment dropped at the second-fastest pace of the last two decades as construction companies began cutting costs, according to the National Association of Home Builders
In parts of the country, buyers are backing out of contracts for new homes at rates not seen since the shock of the pandemic first set in during March of 2020
Homeownership is 31% more expensive than renting, nationally. With demand shifting and the market for home purchases cooling, homebuilders now court investors, a report notes
It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey
The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home
More than 9 in 10 homebuilders reported their homebuyer prospects were either more qualified to buy a new home or about as qualified as the ones from last spring, according to a new survey
John Burns Real Estate Consulting's new Resale Housing Market Index report reveals how buyers are struggling to beat investors in a frenzied market
Soaring home prices have fueled talk of a bubble. Economists, however, think a gradual slowdown is more likely than a sudden pop
Many consumers may not realize it, but they're increasingly competing against institutional investors and contending with soaring building costs
At the National Association of Realtors’ Forecast Summit, economists said the market poses affordability hurdles for first-time buyers — even with mortgage rates at a record low