housing News Updates

WASHINGTON — U.S. construction spending rose a moderate 1% in December as the number of new homes offset a sustained weakness in nonresidential construction.

WASHINGTON — U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand.

NEW YORK — Many small companies tied to the housing market are seeing a slowdown in business, one that’s forecast to continue well into 2020.

WASHINGTON — Sales of new U.S. homes fell a sharp 12.8% in July as higher prices and limited inventory sidelined would-be buyers.

Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower borrowing costs.

U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates and steady wage gains offer support to consumers.

WASHINGTON — U.S. home construction fell 5.3% in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market.

WASHINGTON — Sales of new U.S. homes jumped 6.7% in May, with purchases in the South accounting for all of the monthly gains.

New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17.

NEW YORK — Homebuilder confidence slid for the fourth consecutive month with steadily rising mortgage rates and sky-high home prices putting ownership out of reach for more Americans.