Housing Industry News
A collection of Housing latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Lumber prices soar 13% as the housing market shows signs of a rebound
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…
Rapidly Cooling Housing Market Helps to Quell Canadian Inflation
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…
U.S. pending home sales rise 2.5% in December. Realtors say the housing market is in recovery mode.
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…
The housing market wakes from the dead
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…
In Affordable Housing v. Parking Lot, a Judge Chooses the Lot
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…
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Trump fatigue' in New Hampshire complicates 2024 White House bid
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…
House passes bill aimed at restricting presidential releases of reserve oil
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…
Southern California housing market cools, how long will it last?
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.
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Opinion: If we really want affordable housing, we need great public spaces
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…
House Oversight Chair Promises Newsmax He'll Investigate DirecTV
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…
Affordable Housing Is A Problem Of Hypocrisy
© 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…
White House: No backup plan for student-debt relief if SCOTUS strikes it down
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…
Boone County housing market faces low sales, high inventory in 2022
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…
Housing Market Alert: Why So Many Americans Are Now Rent-Burdened
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…
House Republicans pass bill to limit drawdowns on Strategic Petroleum Reserve
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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