Instant Reaction: Housing Starts, May 16, 2024
Housing starts in April bounced back slightly after a large decline in the previous month. The latest monthly gain of 5.7%, following a 17% fall in March, was led by more activity in the South region. The total annualized rate of 1.36 million is insufficient overall. The country needs around 1.6 mil
The Dual Impact of Lower Mortgage Rates on Affordability and Availability of Homes
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Single-Family Home Prices Had Gains in 92.3% of 221 Metro Areas in 2024 Q1
The National Association of REALTORS® reported that home prices continued to rise in the first quarter of 2024. National median prices rose 5.0% year over year to $389,400, while median home prices fell by 0.5% compared to the previous quarter. Of the 221 metro areas, 28.5% had double-digit year-ove
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