US Housing View

On prices, rent, and mortgage:    

  • Housing market shift: Foreclosures are creeping back up again. Foreclosures are up 40% year over year, but they’re still 13% below pre-pandemic 2019 levels. – Fast Company
  • US Mortgage Rates Rise to Three-Month High, Slowing Home Demand – Bloomberg
  • Americans are getting priced out of the American dream. As mortgage rates top 7% and home prices come in at $400,000, more and more Americans can’t afford to buy – Quartz
  • In Q1 2025, 19% of Units Started Built-for-Rent were Single Family – Calculated Risk
  • Home-Price Trends in Opportunity Zones Still Following National Patterns During First Quarter of 2025 – ATTOM
  • Trump floats sale of government-controlled housing finance giants. Such a move would be a massive shift for the housing market. – Politico


On sales, permits, starts, and supply:    

  • 3rd Look at Local Housing Markets in April – Calculated Risk
  • Cost of Credit Eases for Builders and Developers – NAHB
  • Gavin Newsom lays down the law on housing construction. The governor is wielding his power on an issue at the heart of California’s struggle to address soaring costs. – Politico
  • Housing Affordability and Supply: Rising Inventory, But for Whom? – Realtor.com
  • The Ultra Wealthy Are Riding Out the Market Chaos in Luxury Real Estate. Despite broader economic uncertainty, major markets like New York, Miami and Aspen have seen a surge in sales for homes priced at $10 million and up – Wall Street Journal
  • Lawler: Early Read on Existing Home Sales in April – Calculated Risk
  • Fresh Listings Tick Up—but Sales Lose Steam Over Stubbornly High Mortgage Rates – Realtor.com
  • Single-Family Starts Down on Economic and Tariff Uncertainty – NAHB
  • Single-Family Home Construction Drops as Tariff Turmoil Hits Homebuilders – Realtor.com
  • Housing Starts Increased to 1.361 million Annual Rate in April – Calculated Risk  
  • U.S. Housing Starts Ticked Up in April. The gauge of new residential construction rose 1.6% last month – Wall Street Journal
  • US Housing Starts Increase on Pickup in Multifamily Construction – Bloomberg
  • Tariffs Suppress New Construction in April, but Multifamily Projects Outperform – Realtor.com
  • Flat Custom Home Building Trends – NAHB
  • Flat Growth for Single-Family Built-for-Rent – NAHB
  • California Home Sales “Retreat” in April; New Listings “Surge”. Active Inventory Highest Since October 2019 – Calculated Risk
  • Slight Gains for Townhouse Construction – NAHB
  • Spring Homebuying Season Sputters as Supply Jumps to 5-Year High, Existing-Home Sales Drop to 6-Month Low – Redfin


On other developments:    

  • 5 Policies to Help Curb Housing Costs Immediately. These tools are effective ways to increase housing supply and homeownership opportunities – Pew
  • US Housing Outlook – Apollo
  • Housing market shift explained—and where it’s happening the fastest. The Pandemic Housing Boom was too much, too fast. Now, we’re in an affordability-constrained housing market—and it’s driving up the number of active listings for sale. – Fast Company
  • How do you grade the Spring housing market? – Calculated Risk
  • Single-Family Home Size Trending Higher – NAHB
  • Zillow: Housing market to see first annual U.S. home price drop since 2011. Zillow projects that U.S. home prices will fall 0.9% between April 2025 and April 2026. Zillow economists had previously expected national home prices would rise this year. – Fast Company
  • Georgia Is One of the Few Places Where Middle-Class Americans Can Afford an Average-Priced Home – Realtor.com  
  • Home Depot shows that the housing market chill is hitting hard. $400,000 houses at 7% mortgage rates are weighing on the DIY trade. Just ask Home Depot – Quartz
  • Income Growth Helps Mute Existing Affordability Constraints – NAHB

Posted by at 5:00 AM

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