Housing Industry News
A collection of Housing latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Rules Requiring People To Buy Big Homes Are Pricing Americans Out Of The Housing Market
Right now, Chrissy Rochford lives in an RV with her dog Riley. While she has financing for a home of her own, her tiny Utah town of Big Water is refusing to let her make that dream reality. Chrissy's plans are for a 1,600 square foot home that…
Home Depot's strong quarter shows housing market is still booming
New York(CNN Business) Home Depot has a message for all of the economic naysayers: Hold my plywood. The home improvement retail giant reported better-than-expected gains in sales and earnings for the first quarter Tuesday and also lifted its…
NAHB Housing Market Index Drops to Lowest Point Since June 2020
The National Association of Home Builders /Wells Fargo housing market index dropped to 69 from 77 in April, its lowest point since June 2020. It is the fifth straight month that the index has declined. “Building material costs are up 19%…
$100 Million Film Studio to Rise From Rubble of Ex-Public Housing Site
NEWARK — With a made-for-television flourish, Newark's mayor, Ras Baraka, climbed into an excavator earlier this year and punched the machine's metal claw through a crumbling brick wall of the city's first public housing site. The…
Democratic House primaries could foreshadow party's direction
While much of the focus this midterm cycle has been on statewide races and the momentum behind Republicans amid dismal approval numbers for President Joe Biden, several Democratic House primaries could be emblematic of the direction of the party…
3 Housing Market Predictions for the Second Half of 2022
The first half of the year has certainly been interesting from a housing market perspective. Mortgage rates surprised everyone by rising sharply, while housing inventory largely remained stagnant. Whether you're looking to buy a home to live in…
Homebuilder Sentiment Slumps In May Amid 'Growing Challenges' In Housing Market
The NAHB survey of homebuilder sentiment fell for the 5th straight month in May to its lowest since June 2020... but has a long way to go to catch down to homebuyer sentiment... All 3 of the underlying indices tumbled: Measure of present single…
The housing market resembles 2007-these 3 interactives show if your local home prices are 'overvalued'
Simple economics dictates that neither home prices nor incomes can outgrow the other for very long. They go hand in hand. As incomes rise, those pour over into housing. In order for home price growth to stick around, there has to be a corresponding…
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Dallas expects record tax protests as hot housing market drives up appraisal values
Dallas County expects a record number of tax appraisal protests this year as the red-hot real estate market drives up the value of homes and businesses. Higher property values will be a boon for cities, the county, school and hospital taxing…
Biden to host leaders of Sweden and Finland at White House as countries look to join NATO
(CNN) President Joe Biden on Thursday will welcome the Prime Minister of Sweden and the President of Finland to the White House in a key show of support days after both countries announced they would seek to join NATO. The leaders are expected to…
The Housing Market Is Cooling and 2 Other Takeaways From Real Estate Earnings
Several housing metrics due this week are expected to show signs of a slowdown. That sentiment has also been echoed in recent comments from real estate technology companies on earnings calls. Affordability has grown in importance as prices keep…
Despite White House guidance, aging school facilities still threaten kids' health
By spring of 2021, Rashelle Chase-Miller knew she'd have to make some hard decisions. Schools in Portland, Oregon—including her son Leo's charter—were reopening in-person. But Chase-Miller, herself born and raised in the City of…
In House Race, Mike Doyle Wins Nomination to Replace Mike Doyle
After 14 terms, Rep. Mike Doyle is retiring from a House district in and around Pittsburgh. On Tuesday, the candidate that Republicans nominated to replace him was... Mike Doyle. They're not the same person. The current House member is a Democrat.
Madison Cawthorn fighting to hold onto House seat amid primary challenge as polls close in North Carolina
Rep. Madison Cawthorn, the youngest member of Congress, is trying to fend off credible GOP challengers Tuesday who say the 26-year-old has brought too much negative attention to his North Carolina district. Once hailed as a rising star in the party…
Homelessness is a housing problem, but also a political one
What's the root cause of homelessness? Theories abound. The desire to paint homelessness as a personal failure — the result of addiction or mental illness — has recently come back with a vengeance. Figures like Michael Shellenberger…
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