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...
A new report from the Rhode Island Public Expenditure Council (RIPEC) has found a rather weak return on investment from a $120 million housing bond approved by voters in 2024. The Rhode Island Current reports that $52.2 million from the bond had been used by April...
Buyers of newly built homes can save an average of $25,335 over the first 10 years of ownership compared to those who purchase 20-year-old homes, according to a data analysis by Realtor.com. The savings are primarily from the lower utility costs from newer...
Only 10.9% of new housing construction listings were in urban ZIP Codes during the first quarter of this year, according to new data from Realtor.com. However, urban new construction carries a 78.4% price premium over urban existing homes, with a median listing price...
The Departments of Housing and Urban Development (HUD) and Agriculture (USDA) have rescinded a Biden-era policy requiring all new home construction ineligible for an FHA or USDA-backed mortgage loans unless the property was built according to the 2021 International...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
