Mortgage credit availability increased in February, according to data from the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) inched up by 1.4% last month to 100.4; the index was benchmarked to 100 in March 2012. The...
Rep. Rosa DeLauro (D-CT), the Ranking Member of the House Appropriations Committee, has put forth a “fact sheet” detailing how the Republican-backed Continuing Resolution (CR) will jack up American housing costs. The 82-year-old, purple-haired DeLauro is claiming the...
A new data report from Redfin (NASDAQ: RDFN) has reached the conclusion that the wealthiest 1% of Americans have the financial capacity to buy 99% of the nation’s homes. How does that work? According to Redfin, the combined value of nearly 100 million American homes...
New York City recorded the completion of 33,974 new homes in 2024, the most units completed in a single year since 1965. The Department of City Planning (DCP) attributed this figure to the increase of permitting during 2022 ahead of to the expiration of the 421-a tax...
The US recorded a housing gap of 3.8 million last year, despite having new home construction outpace household formations for the first time since 2016. A new data report from Realtor.com determined it would take 7.5 years to close the housing gap at the 2024 rate of...
The Department of Housing and Urban Development (HUD) has announced a six-month delay in the implementation of the mandatory energy codes initiated by the Biden administration. The delay will push back the compliance dates for adopting the 2021 International Energy...
