NAR’s report on the newly passed Senate tax bill highlights five major wins for real estate, including a permanent mortgage interest deduction and a five-year quadrupling of the SALT cap starting in 2025. Watch today’s Hot Sheet for a full breakdown.
Ivy Zelman told CNBC that builders are pulling back as affordability tightens, and new NAHB and Census data confirm the slowdown—with single-family permits down 5.1% and completions down 8% in April.
CNBC reports that the U.S. and China have agreed to a pause on tariffs, slashing them from 125% to 10% for 90 days, easing trade tensions and boosting global markets. Realtor.com’s senior economist weighs in on what the truce could mean for construction costs, mortgage rates, and the housing market.
New tariffs on Canada, Mexico & China could add $10K to new home costs. A compromise may be coming—here’s how it impacts prices, builders and buyers.
Trump hit pause—but for how long? A last-minute 30-day delay on new tariffs spared homebuilders from skyrocketing material costs, but if border security demands aren’t met, a trade war could be back on the table. Here’s what’s at stake.
NAHB urges Trump to exempt building materials from proposed 25% tariffs, warning of rising costs that could worsen the housing affordability crisis.
The National Association of Home Builders (NAHB), using data from the Federal Reserve, reports that owners’ equity in real estate assets reached 72.7% in Q2 2024, marking the highest level since 1958.
About one-third (33.4%) of single-family homes for sale in the first quarter of 2024 were new construction, roughly the same as last year but nearly double pre-pandemic levels. This year’s share is down from the record high of 34.5% reached two years ago.
The MBA, NAR and NAHB wrote a letter to Fed Chairman Jerome Powel urging the Fed to take steps to provide market certainty about rate hikes.
Fannie Mae’s ESR Group published its August 2023 commentary on recent economic data and its likely impact on the housing market. Data points to an eventual downturn, which they now expect in the first half of 2024, though a soft landing is possible.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June 2023 to 55, lifting builder confidence into positive territory, thanks to solid buyer demand, lack of inventory, and improved supply chain efficiency.
A new Gallup report shows 21% of adult consumers in the U.S. think it’s a good time to buy a house—an all-time low for Gallup’s trend. However, 56% of Americans still expect home prices to go up.
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