Housing Market
Election Wins Boost Home Builder Confidence
Builder confidence is rising post-election, but will it last? Explore the optimism driving the market—and the challenges builders continue to face.
November 19, 2024
Builder confidence is rising post-election, but will it last? Explore the optimism driving the market—and the challenges builders continue to face.
A recent ATTOM report revealed property taxes on single-family homes increased by 6.8% across the United States in 2023, totaling $363 billion, with significant variations in rates across different states, metro areas, and counties.
In response to media scrutiny and social media discussions, BlackRock released a message stating it “is not buying individual houses in the U.S.”
Democrats in the U.S. House and Senate have introduced a bill to ban hedge funds from buying and owning single-family homes. Proposed by Jeff Merkley and Adam Smith, the bill is named the “End Hedge Fund Control of American Homes Act of 2023”
A new Redfin report shows new builds account for nearly one-third (31.4%) of available inventory—the highest second-quarter share on record.
A new ATTOM report on 2022 property taxes for 87 million U.S. single-family homes shows property taxes are up 3.6% from 2021. Average property tax rose 3%, with an effective property tax rate nationwide of 0.83%, down to its lowest point since at least 2016.
Realtor.com analyzed Census Bureau’s 2022 new home construction permit data for single-family homes to determine the top metros for new home construction per capita.
Data by the National Home Builders Association shows the top 10 markets for new home construction, the majority of which are in the southern U.S.
An increase in mortgage applications, homebuilder sentiment rising for the first time in a year, and the need for more single-family housing completions are today’s topics as Byron Lazine and Tom Toole discuss the latest news on the U.S. housing market.
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