Homebuilder costs edge higher, as industry mood sours
Despite some moderation in overall supply prices, concrete products are running consistently higher.
Housing markets
Severe Weather May Inspire Many to Move
When severe weather events occur, they may be powerful enough to destabilize infrastructure or destroy homes. People are resilient, but severe weather can place financial and emotional strain on homeowners. If the frequency and severity of these events continue, it may cause many homeowners to reconsider their housing situation entirely. Get additional insights from a recent Freddie Mac survey.
All-cash purchases hit an 8-year high, as seller profits surge
At the same time, homes bought with FHA-backed loans accounted for the smallest share since 2007, according to an Attom sales report.
The Migration of Homebuyers within the U.S.—Before and After the Pandemic
Internal migration plays an important role in understanding the ways population shifts are shaping the nation. Which metro areas are the gainers and which are the losers? Will growing markets face high costs, limited space and reverse migration faced by gateway markets? Freddie Mac’s automated underwriting system offers a real-time view into the residential mobility of American homebuyers. Access the research.
Homebuilders face headwinds on multiple fronts
New single-family home mortgage applications, housing starts and industry sentiment all came in at their lowest since 2020.
Home prices are starting to buckle in tech-fueled San Francisco
Prices are starting to fall in one of the most expensive cities in the U.S. but they are still much higher than their pre-pandemic levels.
Vacation home purchases in high disaster-risk areas up 45%
But second home sales — which were below pre-pandemic levels for the first time in 24 months during May — may slow in the future as those in vulnerable areas get tougher to insure.
Lower housing costs — not jobs — are driving intercity moves
The median prices for the most sought-after metro areas were on average $128,000 lower than in the city the buyer was leaving, Freddie Mac's study of Loan Product Advisor data found.
Housing construction is near a 49-year high, but is it enough?
Industry leaders suggested they’ve "never felt so worried at a time when everything feels so good otherwise," said Chris Herbert, managing director of the Joint Center for Housing Studies of Harvard University.
These housing markets are most vulnerable to declining values
Depreciation risk in parts of New Jersey, Illinois and California is growing, according to a first quarter analysis by Attom Data Solutions.
Costs of home construction up 20% from last year
Lumber prices have wavered, but gypsum, steel and transportation were still on the rise in the past month, according to a National Association of Home Builders analysis.
Home renovation lending demand may get temporary boost from inflation
New-home borrowers eyeing things like rising commuting costs could add at-home amenities instead so long as they remain relatively affordable, one take on a National Association of Home Builders report suggests.
Borrowers have a record $11 trillion in tappable equity
But for prospective buyers, soaring home prices in April pushed affordability closer to the all-time low set in June 2006.
Housing market starting to shift back to buyers
The inventory shortage is beginning to ease, while demand is slowing due to high prices and rising mortgage rates.
20% of home sellers slashed list price in last 4 weeks: Redfin
Several Sun Belt cities popular for relocation over the last two years were among markets with the most reduced listing prices in April.
Consumer attitudes about housing market reach a 2-year low
A larger share felt it was a bad time for both buying and selling, but a growing number expect price growth to slow.
U.S. homebuyers are getting discouraged by rising rates and prices
U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years, according to a survey released by the New York Federal Reserve.
Top mortgage originators talk strategy for 2022 and beyond
While both refinance and purchase customers were banging down the doors in 2021, leading producers are already working much harder as they change up their offerings.
People support higher housing density in theory, but not in NY ‘burbs
Suburban pushback against a proposal that would have loosened regulations of new units in New York State led to its removal from the state budget.
Is the single-family investment splurge over?
Out of all investor group types, those with the deepest pockets — property giants with 100 or more homes — tamped down their spending most at the end of last year, CoreLogic reported.
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