Total residential sales in Red Deer were down nine per cent from a year ago at the end of November. The drop can largely be attributed to a pullback in detached home sales and a lack of choice due to inventory levels half what they usually are at this time of year, says Alberta Real
The Federal Reserve’s plan to tame the housing frenzy with higher interest rates has a major blind spot: More than 40% of all U.S. mortgages—most of which are fixed-rate—were obtained in 2020 or 2021 when rates were at rock bottom. According to Creditnews research, about one-quarter (23.4%) of mortgages were originated in 2021 when the 30-year mortgage
Most institutional landlords aren’t flooding the housing market with inventory, but VineBrook Homes is an exception. BY LANCE LAMBERT 1 MINUTE READ Want more housing stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the daily free ResiClub newsletter. As ResiClub noted a few weeks ago, the slowdown in institutional homebuying hasn’t translated into a massive flood of U.S.
By Ashok Chaluvadi on December 7, 2023 • According to data from the Census Bureau’s Survey of Construction (SOC), 62.6% of single-family homes started in 2022 were built within a community or homeowner’s association. This marks the second year in a row that the share declined, from the high point of 67.1% posted in 2020,
NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 1.2% in October, after a dip in September. It stood at a seasonally adjusted annual pace of $884 billion. Total private residential construction spending is 0.7% higher compared to a year ago. This was the first year-over-year increase since December 2022. The total
By Fan-Yu Kuo on December 6, 2023 • Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows the share of new homes with a two-story foyer slightly increased in 2022. The increase was particularly notable in West South Central and New England. However, most new single-family homes were