This Tuesday morning will mark the release of the S&P CoreLogic Case-Shiller index with data covering home prices for March 2021. All eyes will be on whether or not the housing market has been able to maintain its exponential growth. Here are five things you should look out for in […]
Housing
U.S. furniture shortage sparked by pandemic amongst other pitfalls
When Jaheed Carr’s work went fully online last July and he was no longer restricted to living close to his office, he decided it was time to buy a new house. There was just one problem: The furniture he ordered took more than four months to be delivered. “I paid […]
National Home Price Index reaches seven-year high as New York Soars
Housing prices continue to rise across the country at near record rates, proof that the housing market can sustain success despite these trying times.
Speculators return to Las Vegas as home prices surge
More than any other U.S. city, Las Vegas epitomized the housing boom and bust of the last decade. Housing prices were on a seemingly unending growth spree, a trend fueled by speculators flooding into the market and reaping profits off the bubble. Then, the bubble popped, cratering prices and pushing […]
Five Things to Watch in Tuesday’s Case-Shiller Home Prices Report
Standard & Poors will release its monthly Case-Shiller report Tuesday, which surveys existing single-family home prices. The report, which lags by two months, will cover housing market data from this past February. Over the past several months, this report has shown home prices rising continually across the country, and the […]
Five Things to Watch in Tuesday’s Housing Starts Report
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development will release their report on the country’s new residential construction for March on Tuesday morning. Economists expect a slight increase in the rate new construction, following the trend of the sector’s steady recovery from the 2007 crash. […]
Home prices remained strong in January, putting prospective buyers in a tough spot
Home prices continued to rise during the first month of 2018, though the pace of growth is expected to slow down this year. The Case Shiller National Home Price Index rose 6.2 percent compared with January 2017, essentially the same as the 6.3 percent year-over-year increase reported in December, according […]
High-Rise Boom Long on Luxury, Short on Affordability
When Natalie Anderson looked at a one-bedroom apartment in one of the new residential towers in Hudson Yards, on Manhattan’s West Side, she recognized it immediately. It had the kind of features—”open kitchen, barstools under a counter, inoffensive wood”—that developers use to attract young, mobile high-earners like Anderson to their […]
Housing Starts Down as Builders Can’t Meet Demand
Construction of new homes declined more than expected in February, a result of a steep drop in multi-family construction. February’s housing starts were down 7 percent from January, with a seasonally-adjusted annualized rate of 1.236 million new units. Those numbers were lower than expected, capping a week of lackluster indications […]
Housing Construction Carries Momentum into 2018
New residential construction started the year strong, providing another reason to believe in the overall strength of the economy. The annual rate of privately-owned housing starts in January was up 9.7 percent from December, carrying momentum over from a 2017 that was already the best year for new home construction […]