Single-family construction rebounded in August, but falling permits, fewer completions, and widespread builder incentives point to a tougher fight for the purchase loans those homes eventually produce
HUD has ordered immediate citizenship and immigration status verification across federally assisted housing, a move that could accelerate rental turnover and indirectly influence entry-level homebuyer demand while signaling tighter eligibility enforcement
Amid expectations for a slowdown, data offers a glimmer of momentum, but challenges persist
Recent mortgage rate volatility is a reminder that high financing costs still restrain a broader housing recovery
More groundbreaking is needed to bridge the gap between supply and demand
Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.
With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase
New-home sales from January through July rose 2.6% compared to the first seven months of 2023
Matching a summer decline in sentiment, builders continue to grapple with high construction and development costs
Newest data could help incentivize rate cuts later this year