US Housing View – September 12, 2025

On prices, rent, and mortgage:    

  • Asking Rents Mostly Unchanged Year-over-year – Calculated Risk
  • Why Are More Millionaires Renting? The number of millionaire renters in the United States more than tripled between 2019 and 2023. – New York Times
  • Black applicants twice as likely to be rejected for a US mortgage. FT analysis finds all ethnic minorities have lower probability of being granted home loans than white counterparts – FT
  • Mortgage Applications Today: Homeowner Refinancing Swells While New Loan Demand Falls for Third Straight Week – Realtor.com
  • Mortgage rates hit lowest daily level since fall 2024. Rates for a 30-year fixed mortgage hit their lowest level since fall of last year as a newly released August jobs report saw a mere 22,000 jobs added – Quartz
  • September ICE Mortgage Monitor: House Prices Up Slightly Year-over-year – Calculated Risk
  • Purchase Activity Slips Despite Lower Mortgage Rates – NAHB
  • Homebuyers ‘On Rate Watch’ as 30-Year Mortgages Drop to 6.5% – Bloomberg
  • Housing Market Grinds to a Halt in Late-Summer Doldrums – Realtor.com 
  • What will happen with House Prices? – Calculated Risk
  • August 2025 Monthly Housing Market Trends Report – Realtor.com
  • Your Home Value May Be Rising—but Equity Erosion Could Wipe Out Those Gains – Realtor.com


On sales, permits, starts, and supply:    

  • Lots Still in Relatively Short Supply – NAHB
  • ‘Can You Print a House?’: God, Robots and the U.S. Housing Crisis. Jason Ballard, an entrepreneur who once thought he would be a preacher, believes 3-D printing is the solution to fill the affordable housing gap in the United States. – New York Times
  • Trump’s Housing Chief Wants to Build, But With What? HUD Secretary Scott Turner says it’s time to put millions more Americans in homes. He’s also standing by while his agency’s staff and funding disappear. – Bloomberg
  • New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply. Apartment buildings have fewer rowdy tourists now, but rents keep rising – Wall Street Journal
  • Lumber Prices Are Flashing a Warning Sign for the U.S. Economy. Wood prices are sliding and mills are cutting back because of uncertainty over tariffs and a building slump – Wall Street Journal
  • Share of New Homes with Patios Edges Down for First Time in Fifteen Years – NAHB
  • 1st Look at Local Housing Markets in August – Calculated Risk
  • Part 1: Current State of the Housing Market; Overview for mid-September 2025 – Calculated Risk
  • Who Are NAHB Remodelers? – NAHB
  • Mapped: Metros Where Homes Are Selling the Fastest as U.S. Market Stalls – Realtor.com
  • Year-over-Year Building Material Price Growth Advances – NAHB
  • Parking Trends in Newly Completed Single-Family Homes, 2024 – NAHB
  • Why 15 million vacant homes won’t solve the housing crisis
  • What cities get right and wrong about tackling empty houses. – Vox


On other developments:    

  • Stuck: How Housing Regulation Ended America’s Mobility Revolution – University of Chicago
  • Misplaced Blame: Targeting Institutional Investors Won’t Solve the Housing Crisis – AEI
  • US housing agency rehires sacked staff ahead of Fannie and Freddie IPO. Almost a third of the mortgage giants’ workforce was cut as part of Trump’s purge of the federal government – FT
  • Black Homeownership Rate Drops to Lowest Level Since 2021 – Redfin
  • Housing 101 – Marginal Revolution
  • US housing market reaches record $55.1 trillion – Zillow 
  • New Book: The Projects: A New History of Public Housing – AEI
  • Trump Vows To Expand Homeownership to Millions More American Families – Realtor.com
  • How Trump’s D.C. crackdown is affecting the real estate market – Axios
  • How a National Housing Emergency Could Open More Doors for First-Time Buyers – Realtor.com

Posted by at 5:00 AM

Labels: Global Housing Watch

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