News Stand

NAR's Pending Home Sales Index decreased 4.6% to 77.1 in October Pending home sales slid for the fifth consecutive month in October, according to the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward-looking ...
High interest rates and economic uncertainty combined with the typical seasonal slowdown are causing home sales to stall out, according to Zonda. New-home sales slowed in October, reflecting growing uncertainty in the overall economy and housing ...
Gain for Custom Home Building NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There ...
Home buyers taking out a fixed 30-year mortgage loan in recent days have a popular measure of inflation to thank for their lower rates. But it’s too soon to assume rates will continue to tick down.
The Providence Group, one of Atlanta’s most respected homebuilders, was honored with two “Community of the Year” awards at the 42nd annual OBIE Award ceremony hosted by the Greater Atlanta Home Builders Association (“GAHBA”).
More Buyers Taking a Look at New Construction After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and ...
According to a new DeWalt Powering the Future survey, nearly half of U.S. contractors say training the next generation is critical for the industry’s 2023 growth followed by contingency planning and resilient supply chain solutions. Polling ...
Home prices are falling nationwide as mortgage rates continue to rise, but markets are cooling the fastest in several western metros. Several California metros and pandemic-era beneficiaries are cooling the fastest as rising mortgage rates are ...
Zonda’s Ali Wolf and Tim Sullivan highlight regional housing market trends as inflation and mortgage rates continue to feed affordability concerns. While inflation has likely passed its peak level, the persistence of high inflation likely means ...
Ranging from small ADUs to large multifamily buildings, a total of 18 residential projects were honored in this year's program. The overarching theme of this year’s residential design awards program is innovation. From the project of the year—an ...
Chronic housing shortages in large urban centres have resulted in 'mini boom and bust cycles' Inventory levels in major Canadian housing markets have been dwindling over the past decade, with active listings in July running below the 10-year average ...
More Than Two-Thirds of Homes Started in 2021 Built on Less Than One-fifth of an Acre Despite the pandemic-triggered suburban flight and presumed shifts in preferences towards more spacious living, a rising share of new for-sale homes were built ...
Economists have their say on the areas that will be most impacted Housing sector deceleration will affect some markets more than others, according to economist Sherry Cooper.
Leading builders are responding to softening demand, greater consumer fear, and rising cancellation rates with increased financial incentives and differing sales approaches. After a two-year period where it was not possible to build homes fast ...
An unrelenting confluence of market challenges has combined to make for bad times For months now, the National Association of Home Builders has employed heightening superlatives in conveying just how eroded builder confidence has become under ...
The Fannie Mae Home Purchase Index indicates selling conditions are softening and consumers are pessimistic about buying conditions. Consumer sentiment toward housing decreased to its lowest level since 2011 in July, according to the Fannie ...
The U.S. Department of Commerce lowered duties to 8.59% on Canadian softwood lumber. The U.S. Department of Commerce issued a final determination in the third annual review of softwood lumber imports from Canada and has lowered the duty rate ...
After a lifetime of hard work, two-plus years of dealing with COVID-19, and the current uncertain stretch of economic rockiness right around the curve, many older adults are chomping at the bit to exit the 9-to-5 hustle. Pronto.
Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.V.) have announced an agreement to address health care and climate change, raise taxes on high earners and large corporations and reduce the federal debt.
Developers are shying away from projects due to mounting material costs and a lack of skilled labour Project cancellations will contribute to deteriorating housing affordability across Canada, according to Benjamin Tal of CIBC Capital Mark ...