January existing sales offer mixed signals about market's future
Existing-home sales decreased 1.7% annually in January, according to the National Association of Realtors. However, sales did improve 3.1% from December
by Marian McPherson Feb 22
Home price growth accelerated in November alongside high rates
Home prices increased 5.1% between November 2022 and November 2023, despite falling 0.2% month over month from October
by Ben Verde Jan 30
Annual inflation cools for 3rd month straight to 3.1%
The Consumer Price Index rose only 0.1% between October and November, 3.1% higher than a year earlier, suggesting interest rates will hold steady at this week's Federal Reserve meeting
by Ben Verde Dec 12
Housing starts increased in October as builder sentiment fell
Housing starts rose 1.9% from September to reach a seasonally adjusted annual rate of 1.372M
by Ben Verde Nov 17
Inflation stays flat in October, but shelter costs continue to rise
The index for shelter rose 0.3% between September and October and was up 6.7% year over year, according to CPI data released Tuesday
by Ben Verde Nov 14
Housing's stranglehold on inflation poised to decline in months ahead
Inflation rose 0.4% in September, a near standstill from August, according to the latest Consumer Price Index Thursday. Economists believe 'shelter' will soon recede as the largest contributor
by Ben Verde Oct 12
Inflation ticks up 0.6%, boosted by 'outsized' housing costs
The Consumer Price Index increased 0.6% in August, faster than the July rate of 0.2%, according to data released Wednesday by the Bureau of Labor Statistics
by Ben Verde Sep 13
Fueled by deals, new-home sales soar to highest level in 17 months
New-home sales rose 4.4% in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the US Census Bureau
by Ben Verde Aug 23
Consumer Price Index rises in July amid 1st inflation hike in 13 months
The Consumer Price Index increased 0.2% in July and rose 3.2% annually, according to data released Thursday by the Bureau of Labor Statistics that suggests inflation is still cooling
by Ben Verde Aug 10
Inflation drops steeply in June to lowest level in more than 2 years
Housing costs were again the largest contributor to inflation, accounting for more than 70% of the annual increase of the Consumer Price Index, according to new Bureau of Labor Statistics data
by Ben Verde Jul 12
Inflation is falling. So what happens next? Here's what economists say
The impact of high housing costs is expected to fall out of inflation, giving cover for the Federal Reserve to stop raising interest rates for now, economists said. But there are still warning signs
by Ben Verde AND Taylor Anderson Jun 13
Inflation rises during April but continues to cool
The all items index increased 4.9% for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the Consumer Price Index Summary
by Ben Verde May 10
New-home sales post third-straight monthly increase in February
Sales of newly built single-family homes rose 1.1% in February while the average sale price climbed to just under $500K, according to data released Thursday by the US Census Bureau
by Ben Verde Mar 23
Multifamily construction delivers boost to housing starts in February
Apartment building construction soared 24% in February, lifting new housing starts overall despite a weak month for single-family builds, according to data from the US Census Bureau
by Ben Verde Mar 16
Housing still biggest contributor as inflation slowed pace in February
While the Consumer Price Index jumped a modest 0.4% month over month, the collapse of Silicon Valley Bank and Signature Bank could keep rate hikes at bay, economists said Tuesday
by Ben Verde Mar 14