Housing Industry News

A collection of Housing latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

businessinsider.com - Matthew Fox - Lumber prices soar 13% as the housing market shows signs of a rebound
Lumber prices soar 13% as the housing market shows signs of a rebound
Business Insider

Lumber futures soared 13% on Friday as the housing market finally shows some signs of life. Pending home sales unexpectedly jumped 2.5% in December, its largest growth since October 2021. The average 30-year mortgage rate has steadily trended lower…

bloomberg.com - Randy Thanthong-Knight - Rapidly Cooling Housing Market Helps to Quell Canadian Inflation
Rapidly Cooling Housing Market Helps to Quell Canadian Inflation
Bloomberg

Housing costs, and Canada's unique way of capturing them in inflation, suggest that consumer price gains may slow rapidly in coming months. As the largest expense for most households, shelter makes up 30% of Canada's consumer price index — a…

marketwatch.com - Aarthi Swaminathan - U.S. pending home sales rise 2.5% in December. Realtors say the housing market is in recovery mode.
U.S. pending home sales rise 2.5% in December. Realtors say the housing market is in recovery mode.
MarketWatch

The numbers: U.S. pending-home sales rose 2.5% in November, reversing a six-month losing streak, according to the monthly index released Friday by the National Association of Realtors (NAR). Pending home sales were down for six months in a row, as…

axios.com - Emily Peck - The housing market wakes from the dead
The housing market wakes from the dead
Axios

The housing market is showing signs of life after veering into a dead zone late last year. Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall when mortgage…

nytimes.com - Ginia Bellafante - In Affordable Housing v. Parking Lot, a Judge Chooses the Lot
In Affordable Housing v. Parking Lot, a Judge Chooses the Lot
The New York Times

Earlier this month, after he declined to throw out the New York attorney general's fraud suit against Donald Trump — calling the president's petition “frivolous ” and suggesting he would sanction his lawyers — Justice…

reuters.com - Tim Reid - Trump fatigue' in New Hampshire complicates 2024 White House bid
Trump fatigue' in New Hampshire complicates 2024 White House bid
Reuters

WEARE, New Hampshire Jan 27 (Reuters) - When Donald Trump trounced his Republican rivals in New Hampshire's 2016 primary, the stunning win announced to other states the reality TV showman was a serious contender. Trump went on to capture the…

wgnradio.com - Mychael Schnell - House passes bill aimed at restricting presidential releases of reserve oil
House passes bill aimed at restricting presidential releases of reserve oil
WGN Radio 720 - Chicago's Very Own

The House on Thursday passed legislation intended to restrict the president's ability to release oil from the country's emergency supply — a bill aimed squarely at President Biden for his handling of rising gasoline prices last year. The…

cbsnews.com - Southern California housing market cools, how long will it last?
Southern California housing market cools, how long will it last?
CBS News

Across the Southland, home prices have been falling as interest rates have been climbing. From May 2022 to December 2022, prices have dropped 11% in Orange County, 10% in Los Angeles County, 8% in Riverside County, and 6% in San Bernardino County.

theglobeandmail.com - Opinion: If we really want affordable housing, we need great public spaces
Opinion: If we really want affordable housing, we need great public spaces
The Globe and Mail

Shoshanna Saxe is an associate professor in civil and mineral engineering at the University of Toronto and the Canada Research Chair in Sustainable Infrastructure. The issue of affordable housing is increasingly dominating political debate across…

thedailybeast.com - Justin Baragona - House Oversight Chair Promises Newsmax He'll Investigate DirecTV
House Oversight Chair Promises Newsmax He'll Investigate DirecTV
The Daily Beast

After relentlessly crying for Congress to intervene because DirecTV dumped it, pro-Trump channel Newsmax has received a promise from a top Republican to hold congressional hearings on the matter. Newsmax, which had been with DirecTV since the…

forbes.com - Erik Sherman - Affordable Housing Is A Problem Of Hypocrisy
Affordable Housing Is A Problem Of Hypocrisy
Forbes

© 2022 Bloomberg Finance LP As is true with much of life, income and wealth inequality — not some dreamy thought of everyone being absolutely equal, but a reasonable expectation that groups shouldn't bear up under pressure so others can…

businessinsider.com - Ayelet Sheffey - White House: No backup plan for student-debt relief if SCOTUS strikes it down
White House: No backup plan for student-debt relief if SCOTUS strikes it down
Business Insider

A White House official told reporters that Biden is not 'deliberating or considering' a backup plan to cancel student debt. This comes as the Supreme Court is taking up two lawsuits next month that are currently blocking Biden's broad relief. The…

columbiamissourian.com - Katie Taranto - Boone County housing market faces low sales, high inventory in 2022
Boone County housing market faces low sales, high inventory in 2022
Columbia Missourian

Housing market inventory increased dramatically in Boone County in 2022, but its December sales have not been lower since 2009. The Columbia Board of Realtors reported that 107 single-family homes were sold in Boone County last month. These are the…

investorplace.com - Bret Kenwell - Housing Market Alert: Why So Many Americans Are Now Rent-Burdened
Housing Market Alert: Why So Many Americans Are Now Rent-Burdened
InvestorPlace

Source: Pixelbliss / Shutterstock.com The housing market remains front and center. Is it because of the housing boom during Covid-19 and that now seemingly everyone is looking for the “bust” part of that equation? Or is it because so…

cnbc.com - Christina Wilkie - House Republicans pass bill to limit drawdowns on Strategic Petroleum Reserve
House Republicans pass bill to limit drawdowns on Strategic Petroleum Reserve
CNBC

WASHINGTON — The U.S. House of Representatives passed a bill Friday aimed at limiting the president's ability to draw down the nation's Strategic Petroleum Reserve for any reason other than a 'severe energy supply disruption.' The law is…

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