Industry News

New Home Sales Rise Unexpectedly in August

A minor decline in mortgage rates resulted in a surprise big increase in new house sales in August, however this figure may be revised...

Soft Housing Starts Before Fed Meeting

Challenging affordability conditions remain a burden for the housing business, but the sector may experience lower interest rates in the near future, with the...

Builder Confidence Maintains Six-Month High Sales Expectations

Builder confidence remained stable in September, but lower mortgage rates and anticipation that the Federal Reserve will shortly drop the federal funds rate contributed...

Single-family permits extend downtrend, builders cautious

Single-family housing permits fell for the eighth month in a row, highlighting affordability challenges and low demand. While multifamily permits increased, the sector's instability...

Annual Building Material Price Growth Increases

In August, prices for residential building materials climbed for the fourth consecutive month, hitting their highest level since January 2023. Domestic inputs products and...

SOMA: Multifamily Absorption Surges in Q2 2025

The percentage of new apartment units that were absorbed within three months after construction increased in the second quarter, according to the Census Bureau's...

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