Housing View – May 20, 2022

On the US:    

  • President Biden Announces New Actions to Ease the Burden of Housing Costs – The White House
  • Biden Administration Targets Housing Supply Shortage. New regulatory moves aim to dent housing shortage of millions of U.S. homes – Wall Street Journal
  • Five housing policies that wouldn’t drive up prices in Australia. If reforms to negative gearing and capital gains tax are a bridge too far, how about tackling supply? – The Guardian  
  • How Biden is taking action on the housing shortage – The Hill
  • Biden green-lights a home-building boom. But there’s a catch. The Biden administration has a plan to fast-track housing construction. But much of it depends on Congress. – Fast Company
  • U.S. housing market cooling as building permits tumble, starts fall – Reuters
  • Bidding Wars Show Signs of Cooling as Mortgage Rates Bite. Fewer homes are receiving multiple offers as higher borrowing costs limit buyers, according to Redfin – Bloomberg
  • These Are the Nation’s Most—and Least—Affordable Real Estate Markets – Realtor.com
  • First-Time Buyers Were Undeterred by Rapid Home Price Appreciation in 2021 – New York Fed
  • We’re not in a housing bubble, say Zillow economists – Fortune
  • Housing Demand and Remote Work – NBER
  • The Housing Market Is Cooling and 2 Other Takeaways From Real Estate Earnings – Barron’s
  • How does the Consumer Price Index account for the cost of housing? – Brookings
  • America still isn’t building enough homes – Quartz  

On other countries:  

  • [Canada] Seven Slowdown in Canada’s Housing Sector Shows Risk of Higher Rates. Bank of Canada efforts to curb inflation threaten to end the country’s real-estate boom, which has been a strong driver of its economy – Wall Street Journal
  • [Canada] Rate Hikes Hit Canada Housing With First Price Drop in Two Years. Sales plunge 12.6% as borrowing costs begin to rise sharply. Price declines are heaviest in smaller markets around Toronto – Bloomberg

Posted by at 5:00 AM

Labels: Global Housing Watch


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