Housing Industry News
A collection of Housing latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
A major housing market indicator just flashed its most negative reading in 14 years
The mood among America's homebuilders is grim. Homebuilder sentiment fell three points to 29 in October, according to the National Association of Home Builders/Wells Fargo Housing Market Index. October's reading marks the lowest homebuilder…
America's New Housing Market Is All About Luxury-and It Runs on Cash
America's home-buying market is a house divided. On one side, near-record home prices and the recent surge in mortgage rates above 7% have relegated buyers to the sidelines. In many cities, sales are stagnant and sellers are cutting prices for…
Homebuilder sentiment sinks to 14-year low in October: NAHB Housing Market Index
National Association of Home Builders/Wells Fargo Housing Market Index dropped to 29 in October from 32 in September, falling short of the 31 consensus, according to data released on Monday. The continued weakness reflects the expectation that high…
Maryland Housing Market Cools in September as Buyer Activity Slows and Inventory Climbs - The BayNet
Pending sales fall 16.5% as inventory increases 21.3%, giving buyers more choices in a slower market. ANNAPOLIS — Maryland's housing market slowed considerably in September, with fewer sales, declining buyer activity, and a growing number of…
Surging mortgage rates 'biting harder' on fragile housing market
Rising mortgage rates are starting to “bite harder” on the UK's fragile housing market by forcing sellers to push down asking prices. The average two-year fixed mortgage rate has risen to 5.55 per cent, up from 5.29 per cent last…
These 8 U.S. cities could soon become buyer's markets. Here's where house hunters may have more leverage
It's a good time to be house hunting in the South, as home buyers currently have the upper hand in many major areas—and could soon have more leverage in several more cities. The U.S. housing market ticked further in favor of buyers in the…
Warren Buffett Just Put $600 Million Into This Stock As America Marches Into the Weakest Housing Market In Years
Warren Buffett recognizes greater opportunity in the securities market vs. American real estate, and his portfolio reflects this conviction. Market analyst Charlie Bilello highlighted Miami, Florida, on October 16 as the strongest buyer's market in…
Some holiday home owners may move to shared housing, say industry executives
Some properties are expected to shift from holiday homes to shared housing under Dubai's new law, but hardly any are likely to move in the opposite direction, according to property managers. “Some movement in one direction, and almost none…
President Lee calls for all-out efforts to boost housing supply
President Lee Jae Myung on Tuesday stressed the need to cut the time required for administrative procedures in building homes, calling for all-out efforts to boost housing supply. The president made the call during a Cabinet meeting as runaway…
Tory London Mayor challenger vows to scrap affordable housing targets
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Nearly 300,000 new homes would be built in…
Map shows where millions will vote on housing in midterms
Millions of voters across four states will decide on six housing measures in the November midterms, the most related to housing policy in a single election year in 20 years, according to Ballotpedia. Housing affordability has become more difficult…
Housing rights mean little without legal support | Opinion
A landlord can follow the paperwork, weaponize the process and push a vulnerable tenant toward homelessness, all while the law struggles to catch up. I believe this is one of the most indefensible failures in America 's housing system. We have…
Two-thirds of contractors say ICE raids are making it harder for them to build houses
Two-thirds of construction contractors believe that ICE 's raids on immigrant communities have had an adverse impact on the U.S. housing market, making it harder to find laborers and leaving newbuilds at a standstill, according to a survey. A poll…
Blue for poor, yellow for posh: the London maps exposing centuries of terrible housing
Charles Booth's pioneering poverty maps of Victorian London show a vivid colour-coded warren of streets, alleyways and slums tightly packed together. Those marked black and dark blue were classed as being “very poor”, defined by…
US home builders have the blues - but luxury housing remains a bright spot in challenging economy
American home builders are more pessimistic than they've been in years about the housing market, but luxury housing is a bright spot in the economy. An index of builder confidence in the market for newly built single-family housing dropped to its…
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