Posts by John Yellig
“Given the situation in the market — mortgages, home costs and inventory — it would not be surprising to see a retreat in housing demand.” — NAR chief economist Lawrence...
"Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high." — First American Deputy Chief Economist Odeta Kushi...
Mortgage applications fell more than 13% in the most-recent week tracked by the Mortgage Bankers Association's Market Composite Index, while interest rates continued to...
“Production disruptions are so severe that many builders are waiting months to receive cabinets, garage doors, countertops and appliances.” — NAHB Chairman Jerry...
The sales pace of existing homes surged 6.7% in January after falling in December, as buyers got off the fence and went shopping ahead of rising interest rates, the National Association of...
Single-family housing starts fell 5.6% from December’s revised estimate to 1,116,000, while multifamily starts slid 2.1% to 510,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban...
The average contract interest rate for 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.93% from 3.86%, the Mortgage Bankers Association...
Home-price growth is expected to average about 5% this year, far below the record-breaking pace set in...
Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high...
The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT...