A bipartisan effort is seeking to create a government-backed loan program that will help homeowners fund the creation of accessory dwelling units (ADUs) homes on their properties. The Wall Street Journal reports Rep. Sam Liccardo (D-CA) and Rep. Andrew Garbarino...
Single-family housing starts in June were at a rate of 883,000, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 4.6% below the revised May figure of 926,000. Privately-owned housing starts in June were at a...
California recorded 264,260 single-family home sales in June, up 4% from the 254,190 homes sold in May and down 0.3% from the 264,960 homes sold one year earlier. According to the California Association of Realtors, June’s upswing reversed three consecutive...
Mortgage rates were up for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.75% as of July 17, up from last week when it averaged 6.72%. A year ago at this...
Mortgage applications for new home purchases increased 8.5% year-over-year in June, although applications were also down 4% from May. According to new data from the Mortgage Bankers Association, new single-family home sales were running at a seasonally adjusted annual...
Builder confidence in the market for newly built single-family homes warmed slightly in July with the passage of the One Big Beautiful Bill Act, but full-blown optimism was weighed down by elevated interest rates and uncertainty over the economy. The National...
