Housing Forecast 2025: Mortgage Rates To Stay Above 6% as Home Prices Grow
Mortgage rates will continue to average above 6% next year, and home prices will keep rising, the Realtor.com® economic research
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New This Week
Immigrant Share in Construction Sets New Record
Reflecting the sharp increase in net immigration of recent years, the number of new immigrants joining the construction industry rose
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Flat Conditions for Custom Home Building
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates relatively flat conditions
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October New Home Sales Down on Higher Rates
Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the sidelines in October. Sales
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Home Prices Continue to Decelerate
Home price growth continued to slow in September, growing at a rate just below 4% year-over-year. The S&P CoreLogic Case-Shiller
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Private Residential Construction Spending Rises in October
Private residential construction spending increased by 1.5% in October, according to the latest U.S. Census Construction Spending data. Year-over-year, the
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New Home Construction Flat in October as Builder Confidence Improves
According to U.S. News, the pace of new housing was mixed in October as the effects of Hurricane Milton weighed
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City Council Approves Development Bringing 3,500 Homes to Southwest Boise
According to KTVB, the southwest Boise development will bring more than 3,500 homes to the area with 94,000 square feet
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Fannie and Freddie Will Back Homes Costing Nearly $1 Million as Prices Surge
According to USA Today, the federal government’s support for homeownership is about to expand as home prices continue to surge
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Westlake Florida Reaches New Home-Building Milestone
According to the Town Crier, the building boom taking place in Florida’s fastest-growing city has hit a new milestone. The
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Small Gain for Multifamily Built-for-Sale Construction
According to the NAHB, the count of multifamily for-rent housing starts declined during the third quarter of 2024. For the
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U.S. Housing Market Gains Momentum: Pending Sales Rise for Third Month Straight
The U.S. housing market is rebounding, with pending home sales rising 2.0% in October, marking three consecutive months of growth.
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State-Level Employment Situation: October 2024
According to data from the NAHB, nonfarm payroll employment increased in 21 states in October compared to the previous month,
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Existing Home Sales Rebound in October
Existing home sales in October rebounded from a 14-year low and posted the first annual increase in more than three
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Multifamily real estate is entering a state of transition
As 2024 winds down, multifamily real estate is in a constant state of flux, driven by evolving tenant preferences, regional
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Single-Family Home Size Nearing Turning Point?
An expected impact of the virus crisis was a need for more residential space, as people used homes for more
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Best Quarter for Multifamily Missing Middle Construction in 17 Years
The missing middle construction sector includes the development of medium-density housing, such as townhouses, duplexes and other small multifamily properties.
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Top Patio Trends: Looking Back at 2024 and Leaping into 2025
According to the NAHB, as the boundaries between indoor and outdoor living continue to blur, patios have evolved into sophisticated
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Builder Confidence Moves Higher as Election Uncertainty is Lifted
According to the NAHB, builder sentiment improved for the third straight month and builders expect market conditions will continue to
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Workforce Housing Directive To Bolster Economic Development and New Home Construction in Virginia
Virginia will help fund housing construction near major business developments, Gov. Glenn Younkgin announced this week. A new executive order,
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Here Are Three Approaches To Increase U.S. Housing Supply
To address the U.S. Housing Shortage, real estate professionals emphasize the need to increase housing supply by building homes in
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FHFA to Raise the 2025 Multifamily Loan Caps for Fannie, Freddie by 4%
The Federal Housing Finance Agency (FHFA) is increasing the multifamily loan purchase cap for Fannie Mae and Freddie Mac to
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High School Construction Students Build Homes for Veterans
Trade school students from Decatur Central High School in Indianapolis helped secure roof trusses and bolt wood frame walls as
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Framing Lumber Prices Continue to Surge Amid Election Optimism and Interest Rate Cuts
For the sixth week in a row, Fastmarkets reports Random Lengths Framing Lumber Composite Price gained, climbing to $441 from $11.
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Mortgage Activity Declines in October as Mortgage Rates Increase
The Mortgage Bankers Association reports a decrease of 13.9% in mortgage loan application volume for the month of October. Whether
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NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales for 2025 and 13% for 2026, with Mortgage Rates Stabilizing Near 6%
There’s good news. According to NAR Chief Economist Lawrence Yun, mortgage rates are stabilizing, job additions are continuing, and the
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How Zoning Regulations Affect Affordable Housing
Zoning policies expand or restrict affordable housing builds. Local governments set in place various zoning ordinances for commercial, industrial and
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Four Forces Shaping the Future of Housing
According to John Burns Research and Consulting, four factors contribute to demographic shifts, which impact the future of housing. Those
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Second Homes Decline, but Key Markets Retain Strong Presence
In 2023, the number of second homes in the U.S. dropped to 5.7 million, accounting for 4% of the nation’s
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CBRE Report: Shifts in Housing Preferences Signal BTR Opportunity
The Build-to-Rent sector continues to thrive, driven by favorable market conditions, including lower resident turnover and people migrating toward more
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Bright Prospects for Builders Amid Shifting Home Sales
In September 2024, existing-home sales declined year-over-year in the South, Midwest and Northeast — the West saw some modest growth.
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