Developers sit on empty lots as higher rates delay projects
After a generationally high apartment construction boom, some developers are now finding that the economics no longer make sense on in-progress projects
by Ben Verde Jun 4
How to embrace multifamily housing as a long-term investment
Despite short-term challenges in the space, multifamily real estate investment expert Michael Zaransky is still bullish on the long-term potential of the sector
by Michael Zaransky May 28
Multifamily developer sentiment slips during Q1
According to NAHB, multifamily developers are feeling less confident in the market for new builds as high interest rates lead to difficult lending conditions
by Ben Verde May 10
Housing starts leap in February as homebuilders become optimistic
Housing starts rose to a seasonally adjusted annual rate of 1.52M in February — 10.7% higher than in January, according to data released Tuesday by the US Census Bureau
by Ben Verde Mar 19
New-home sales fell in November, but brighter days may lie ahead
Sales of newly built single-family homes fell 12.2% between October and November to an annual rate of 590,000, but lower interest rates may bring relief
by Ben Verde Dec 22
Housing starts defy expectations, surge to highest point since May
Housing starts jumped 14.8% between October and November to a seasonally adjusted annual rate of 1.56M. That's 9.3% higher than they were in December 2022
by Ben Verde Dec 19
Builder sentiment improves on heels of falling mortgage rates
Builder confidence in the market for single-family homes rose 3 points to a score of 37 during December, the first monthly improvement since August
by Ben Verde Dec 18
Lennar fights high home prices with 3 new mid-range models
The homes are part of the company’s 'Everything’s Included' incentive, which offers a one-stop solution for outfitting a new home
by Craig C. Rowe Nov 28
New-home sales fall beneath the weight of October mortgage rates
Sales of newly built single-family homes clocked in at a seasonally adjusted annual rate of 679,000 during the month of October
by Ben Verde Nov 27
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
Builder sentiment falls again, but lower inflation a cause for optimism
October saw builder confidence in the market for newly built single family homes fall 6 points to a measure of 34, the lowest level since December 2022
by Ben Verde Nov 16
New-home sales soar in September — but analysts see sales slowdown
New-home sales skyrocketed in September, soaring to a 20-month high, according to data issued Wednesday by the US Census Bureau and the Department of Housing and Urban Development
by Ben Verde Oct 25
Housing starts tally 'unexpected' uptick amid rising mortgage rates
New housing starts increased 7% in September to a seasonally adjusted rate of 1.36M, or 7.2% below the levels seen in September 2022, according to Census Bureau data released Wednesday
by Ben Verde Oct 18
Mortgage rates hit 20-year high as demand 'close to multi-decade' low
Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than 2 decades, according to the Mortgage Bankers Association's weekly survey
by Matt Carter Oct 12
Drop in bond yields could also give mortgage rates room to ease
Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back down to where they were at the beginning of October
by Matt Carter Oct 11