US Housing View – May 29, 2026

On prices, rent, and mortgage:    

  • Mortgage Rates Hit a Nine-Month High in Blow to Prime Buying Season. The 30-year mortgage rate increased to 6.51% this week and looks poised to keep rising – Wall Street Journal
  • Higher Rates, More Renovations – Apollo
  • An Option That Can Help Cut Housing Prices Catches On. Preapproved plans trim weeks or months off the process of getting a building permit. “Every month of delay adds costs that ultimately land on the buyer,” one housing expert said. – New York Times
  • Case-Shiller: National House Price Index Up 0.7% year-over-year in March. FHFA House Prices Up 0.1% in March; Up 1.7% Year-over-year – Calculated Risk
  • AEI National Home Price Appreciation (HPA) Index: April 2026 – AEI
  • Inflation Adjusted House Prices 3.7% Below 2022 Peak. Price-to-rent index is 10.3% below 2022 peak – Calculated Risk
  • U.S. House Prices Rise 1.7 Percent Year over Year; Up 0.5 percent Quarter over Quarter – FHFA
  • Loans for Home Purchase at 12-Year Low – ATTOM
  • US mortgage rate rises to nine-month high, worsening affordability again – Reuters
  • Bipartisan Bill Would Boost Rental Housing Supply With New Deduction – Reuters


On sales, permits, starts, and supply:     

  • US single-family housing starts tumble in April – Reuters
  • Northeast and Midwest housing markets are the tightest heading into summer 2026. With less overvaluation, lower exposure to the recent migration pullback, and fewer homebuilders offering large incentives, active inventory across these regions remains relatively tight. – Fast Company
  • Custom Home Building – A Bright Spot for Construction – NAHB
  • Can This Guy Get People to Live in America’s Emptiest Downtown? Developer Asher Luzzatto has targeted Denver for one of the most radical experiments yet in converting vacant commercial space into residential units – Wall Street Journal
  • First Quarter 2026 Multifamily Construction Data – NAHB
  • The Housing Market’s Latest Hurdles: Copper, Lumber, Diesel and Aluminum. Typical American homes use more than 400 pounds of copper—and that’s a problem when prices soar – Wall Street Journal


On other developments:    

  • Mixed Signals: A Housing Update for the Washington, D.C., Metro Area – Richmond Fed
  • These Red-Hot Housing Markets Are Finally Getting More Attainable. A stark inventory mismatch is bedeviling housing markets across the country, but areas like Denver and Honolulu are showing improvement – Wall Street Journal
  • 2 progressive titans on Capitol Hill split over housing bill. Elizabeth Warren and Maxine Waters have partnered with Republicans in their respective chambers — instead of each other — on a landmark housing bill. – Politico
  • The Apartment Megamerger That Shows Landlords Are in Trouble. Equity Residential and AvalonBay’s $69 billion deal follows years of weak profits and slow to no rent growth – Wall Street Journal
  • Congress Has a Housing Bill. Trump Has Other Priorities – Bloomberg
  • The White House wants to eliminate housing funds. Republicans aren’t having it. – Politico
  • How the Iran War Put Housing’s Spring Thaw Back on Ice – Wall Street Journal
  • Mamdani targets housing holdouts. The city will explore land use changes in areas with the lowest rates of affordable housing production. – Politico
  • Will Congress Pass the Housing Bill? Trump has been trying to kill bipartisanship, but this is one bipartisan bill that Trump desperately needs. – The American Prospect
  • A Bipartisan Housing Fiasco. The new House legislation will raise costs and give more power to regulators. – Wall Street Journal
  • ‘Symbolic about who’s in charge’: Lawmakers vote to crack down on Wall Street landlords. A popular policy to limit large institutional investors’ ownership of housing is unlikely to impact most Americans. – Politico
  •  Luxury Buyers From Colombia Are Snapping Up South Florida Homes in Search of a Real Estate Safety Net – Realtor.com
  • How the Iran War Put Housing’s Spring Thaw Back on Ice – Wall Street Journal
  • America’s housing market decline is ‘no longer just a Sun Belt story’—LA and Dallas are tumbling, too – Fortune
  • Zohran Mamdani’s housing confiscation scheme. The New York mayor wants to seize properties from landlords who don’t maintain their units. – Washington Post
  • Mamdani pledges housing ‘transformation’ to tackle central affordability challenge. The mayor is not reinventing the wheel on many housing issues and is leaning into policies championed by his predecessors. – Politico
  • How Chattanooga Boosted Affordable Housing Without Direct Subsidies – Realtor.com

Posted by at 5:00 AM

Labels: Global Housing Watch

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