Higher mortgage rates, worsening labor shortages and rising material costs are weighing on builder sentiment. Builder confidence in the market for newly built single-family homes fell three points to 32 in September, according to the most recent National Association of …
Read More »Tag Archives: interest rates
Fed Continues to Hold Rates Steady
The Federal Reserve continued its pause on rate reductions, holding the short-term federal funds rate from 3.5% to 3.75%, the level set in December 2025. The Fed stated “uncertainty about the economic outlook remains elevated” and “the implications of developments …
Read More »Mortgage Rate Drop Increases Homeownership Eligibility
The average interest rate on a 30-year fixed-rate mortgage recently fell to around 6%, the lowest rate in close to three years, making homeownership possible for more people, according to the National Association of Home Builders (NAHB). NAHB Priced-Out Estimates …
Read More »Federal Reserve Announces Another Rate Cut
In support of its goals and in light of the shift in the balance of risks, the Federal Reserve decided to lower the target range for the federal funds rate by ¼ percentage point to 3 ¾ to 4%, the …
Read More »3 Core Home Improvement Forecast Drivers to Watch
A new five-year forecast from the Home Improvement Research Institute (HIRI) shows real growth expected in 2025, with modest gains projected from 2026 through 2029 as inflation slows and nominal growth improves. The professional channel will drive activity in 2025, …
Read More »The Fed Announces Pause on Rate Cuts
The Federal Reserve recently announced a pause on rate cuts at the end of a January meeting, holding the federal funds rate between 4.25% to 4.5%, the National Association of Home Builders (NAHB) reports. The Fed notes the economy remains …
Read More »Fed Cuts Interest Rates in Third Straight Meeting
The Federal Reserve cut interest rates for its third straight meeting, this time by 25 basis points to 4.25%-4.50%. It also issued projections calling for two quarter-point interest rate cuts in 2025 amid rising inflation. Members of the committee say …
Read More »Federal Reserve Cuts Interest Rates for First Time in 4 Years
The Federal Reserve cut interest rates by half a percentage point on Wednesday, in the hopes it will ease inflation, lowering interest rates to the 4.75% to 5% range. Lawmakers on the committee have gained confidence that inflation is moving …
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