Rising Mortgage Rates Pressure Home Buyers
Daily 30-year mortgage rates have reached a significant milestone, hitting 8% on Wednesday afternoon. This increase puts even more pressure on prospective home buyers. According to a survey conducted by…
US Housing Authorization, Starts, and Completions Fall in April as Costs Rise
(Census Bureau) The total authorized private-owned housing units stood at an annual rate of 1.819 million in April, a decline of 3.2% from March. The permits are still 3.1% higher…
Housing Starts Plummet 7% in July Amid an Uptick in Permits
(Census Bureau) The US recorded a monthly 7% plunge in housing starts in July, with the annual rate now at 1.534 million from 1.650 million in June. Despite the plunge,…