Housing Industry News
A collection of Housing latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Labor's O'Neil admits housing market undergoing a 'correction'
Housing Minister Clare O'Neil has acknowledged that Australia's property market is undergoing a price correction as auction clearance rates plummet, conceding the slowdown is due in part to Labor's tax shake-up for investors as well as the impact…
KB Home Reports Lower Revenue as Difficult Housing Market Persists
reported lower revenue and profit in the second quarter, as it continued to contend with a difficult housing market. The home builder on Tuesday reported a profit of $27.3 million, or 43 cents a share, compared with a profit of $107.9 million, or…
What Brexit did to the economy, inflation and housing market ten years on
It is a decade since the Brexit vote and the ramifications are still being felt. The EU referendum took place on 23 June 2016 when the UK voted to leave the political bloc, ending the country's membership of the customers union and the single…
Brief Drop in Mortgage Rates Points to Another False Start for the Housing Market
The U.S. mortgage market is locked in a tug of war, leaving home buyers and refinancers caught between a brief respite in geopolitical tensions and a hawkish Federal Reserve. In late February, driven by Fed rate cuts in prior months, the 30-year…
KB Home Q2 Review: Muted Housing Market Unlikely To Recover Soon (NYSE:KBH)
KB Home remains a 'Hold' as persistent high mortgage rates and weak first-time buyer demand constrain recovery prospects. Q2 results were soft: revenue fell 27%, gross margin dropped to 15.2%, and operating margin compressed to 3%. KBH pivots to a…
Why Philadelphia's housing market remains so difficult to navigate
Have a question about Philly's neighborhoods or the systems that shape them? PlanPhilly reporters want to hear from you! Ask us a question or send us a story idea you think we should cover. Philadelphia's housing market remains deeply unaffordable…
House sends Trump sweeping bipartisan housing package
June 23 (UPI) -- Lawmakers in the U.S. House of Representatives on Tuesday overwhelmingly approved a sweeping bipartisan housing package that seeks to lower housing costs and expand homeownership access, sending the legislation to President Donald…
House gives final approval to bipartisan housing bill aimed at lowering costs
The House gave final approval on Tuesday to a broad bipartisan bill aimed at lowering the cost of housing, with lawmakers in both parties eager to show progress on affordability issues ahead of this year's midterm elections. The 358-32 vote sends…
The housing market will slow down for the next six months
This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email…
Congress passes landmark housing bill ahead of midterm elections
Broadly, the legislation is designed to bring down costs by increasing the housing supply, long a goal for affordable housing advocates who say the U.S. housing market is millions of homes short of where it should be. Affordability, given years of…
Proxy war between AI industry, safety groups comes to head in NY House primary
New York City voters are set to deliver their verdict Tuesday in one of the most prominent election battles between artificial intelligence companies and the nonprofits pushing for stricter rules on the new technology. The fight over AI policy has…
Labor's housing affordability fix could freeze the market
There's an old economic truism that every government intervention creates unintended consequences, which inevitably lead to calls for further interventions. That seems to be playing out with the Albanese government's contentious changes to capital…
Modular construction, big or small, fills a hole in Maine's housing market
PORTLAND — If you see a house floating across Casco Bay soon, this may be why. BrightBuilt Home, a maker of environmentally conscious modular homes, is in the final stages of design, construction and installation of a small, high-performance…
Axios House: AI gives creativity a microphone, marketing leaders say
CANNES, France — AI is giving people more time, freedom and tools to exercise creativity, brand messaging executives said at an Axios event. Why it matters: As AI floods feeds with automatically generated content, companies that use the…
Minister denies housing price slump is being driven by property tax changes
Federal Housing Minister Clare O'Neil has acknowledged the property market is experiencing a correction after auction clearance rates dropped below 50 per cent last week. She says the dip in house prices is being driven by a range of factors, not…
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