Agents are less confident about client pipelines, but positive overall
Early results from February's Intel Index survey show agents pulling back slightly from confidence they had in recent months about buyer and seller client pipelines improving in the next year
New-home sales plunge 10.5%, fall below expectations
Compared to December, new-home sales dropped 10.5% to a seasonally adjusted rate of 657K, according to US Census Bureau data
by Richelle Hammiel Feb 26
Higharc's AI seeks to pick up the pace of home construction
'Homebuilders across the US waste weeks or months updating CAD files in decades-old software to get the critical things they need to run operations and sell their product to buyers': Higharc CEO
by Craig C. Rowe Feb 14
Strong economy may prop up home prices, mortgage rates
Fannie Mae economists say surprising strength of the US economy means home prices are likely to keep rising, and mortgage rates may not come down as quickly as previously expected
by Matt Carter Oct 17
Homebuilding industry relieved as dockworkers' strike ends Friday
International Longshoremen’s Association's strike ended on Friday, removing worries that an extended strike would negatively impact new-home starts and sales
by Marian McPherson Oct 4
New-home market a 'bright spot' as annual sales rise 9.8%
New-home sales rose 9.8% YOY to a seasonally adjusted annual rate of 716K in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall
by Marian McPherson Sep 25
Economists predict big slowdown in home price appreciation
As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford. Prices are already coming down in some markets
by Matt Carter Jul 23
BofA analysts cast doubts on prospects for 2025 sales rebound
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
by Matt Carter Jun 27
US inventory rises to highest level since 2022 as new-home sales fall
Newly built homes available on the market rose to 480K, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to US Census Bureau data
by Ben Verde May 23
Consumer disconnect: Good time to sell means it's a bad time to buy
Fannie Mae's latest National Housing Survey finds 67% of Americans agree April was a good time to sell, the highest level in nearly 2 years. But only 20% said it was a good time to buy
by Matt Carter May 8
Land id continues to push boundaries: Tech Review Update
The app renders data visualizations quickly, with a low learning curve and useful marketing presentation features
by Craig C. Rowe Apr 22
New-home sales fall abruptly in February for first time in 3 months
Sales of newly built homes slipped a modest 0.3% between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the US Census Bureau
by Ben Verde Mar 25
Homebuyer mortgage demand down for 5th consecutive week
With mortgage rates hovering above 7%, requests for purchase loans were down by a seasonally adjusted 5% week over week and 2% lower than a year ago, MBA lender survey finds
by Matt Carter Feb 28
New-home sales show promise with 1.8% annual growth
New-home sales increased 1.8% to a seasonally adjusted annual rate of 661,000. Economists say the report, alongside improved builder sentiment, shows promise for a robust spring
by Marian McPherson Feb 26
Higharc $53M Series B timed with growth in new-home sales
The latest investment was led by Spark Capital and Pillar VC, but a number of backers took part, including Fifth Wall, Home Depot, Starwood Capital, Metaprop and CBRE, among 18 total
by Craig C. Rowe Feb 16