Tag Archives: mortgage rates

High mortgage rates and economic uncertainty continued to keep potential homebuyers on the sidelines and constrain new home sales in September, according to the National Association of Home Builders. Sales of newly built single-family homes decreased 0.6% in September to …

Builder confidence in the market for newly built single-family homes fell three points to 29 in October amid rising mortgage rates, energy and material costs, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released …

Existing home sales rose after three months of declines as improved inventory gave buyers more negotiating power, according to an analysis from the National Association of Home Builders (NAHB). As buyers wait for rate relief, homes are sitting on the …

Overall housing starts rose in June driven by strong multifamily growth, while single-family production remained slow as elevated mortgage rates, rising construction costs and persistent labor shortages continued to weigh on the market, according to the NAHB. Overall housing starts …

Economic uncertainty and persistent affordability challenges driven by rising material prices, high land costs and elevated mortgage rates forced builder sentiment downward in July. Builder confidence in the market for newly built single-family homes fell two points to 34 in …

Existing home sales dropped in June as record-high home prices and elevated mortgage rates impacted buyers, according to an analysis from NAHB’s Eye on Housing. Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 2.4% to a …

Mortgage rates continued to increase in June due to high inflation and a stronger-than-expected labor market, according to the NAHB’s Eye on Housing. The 30-year fixed-rate mortgage averaged 6.49% in June, up 8 basis points (bps) over May. Since the …

Elevated mortgage rates, rising inflation and economic uncertainty kept many buyers out of the market in May as consumers and builders continue to deal with challenging affordability conditions, according to an analysis from the NAHB. Sales of newly built single-family …