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Single-Family Housing Starts Dropped 1.9% in May

Single-Family Housing Starts Dropped 1.9% in May

by Phil Hall | Jun 16, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in May were at a rate of 882,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This is 1.9% below the revised April figure of 899,000. Privately-owned housing starts in May were at a...
HUD Proposes Updating the Definition of Manufactured Home for Multistory Construction

HUD Proposes Updating the Definition of Manufactured Home for Multistory Construction

by Phil Hall | Jun 16, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Housing and Urban Development (HUD) has published a proposed rule in the Federal Register designed to update the definition of a manufactured home and open new opportunities for multistory manufactured housing. Under the proposed rule, the new...
Joint Venture to Convert DC Office Property into Multifamily Community

Joint Venture to Convert DC Office Property into Multifamily Community

by Phil Hall | Jun 16, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A three-company joint venture has been formed to acquire an office property in the Georgetown neighborhood of Washington, DC, and convert it into a multifamily community. According to the companies, the redevelopment will transform two adjacent 1980s-vintage office...
New Orleans Leads the Nation with Greatest Share of Single Women Homebuyers

New Orleans Leads the Nation with Greatest Share of Single Women Homebuyers

by Phil Hall | Jun 16, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new study published by Mortgage Research Network has determined that affordable metros in the South, Midwest and Northeast have the highest percentage for single women buying homes. Nationwide, single women accounted for 11.4% of all home purchase loans in 2025, but...
Land Gorilla Debuts X-RAY, an AI-Powered Tool for Faster Construction Loan Reviews

Land Gorilla Debuts X-RAY, an AI-Powered Tool for Faster Construction Loan Reviews

by Phil Hall | Jun 16, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

Land Gorilla, a construction loan management software provider, is now offering X-RAY, an AI-powered due diligence solution designed to protect construction lenders by with data-backed assessments of project feasibility, budget accuracy, contractual risk, and builder...
National Median Asking Rent Down for 34th Straight Month

National Median Asking Rent Down for 34th Straight Month

by Phil Hall | Jun 16, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median asking rent in May was $1,686, down 1.5% year-over-year for the 34th consecutive month of declines, according to data from Realtor.com. During the first quarter of the year, Realtor.com determined that Las Vegas led the nation as the metro with the...
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