On today’s Hot Sheet, Byron Lazine unpacked Zillow’s research showing nearly 1 in 13 home shoppers are now “dual shoppers,” browsing both for-sale and rental listings as affordability pressures reshape housing decisions.
He also covered the latest National Association of Home Builders/Wells Fargo Housing Market Index, which found builder confidence fell four points to 34, alongside rising supplier costs, pricing challenges, and weaker sales and traffic expectations.
Finally, Byron reviewed new U.S. Department of Labor data showing initial unemployment claims fell to 207,000, while the insured unemployment rate held at 1.2% and the four-week average dropped to its lowest level since June 2024.
