housing
Builders are pulling back at the front of the housing pipeline. September brought another decline in single-family permits, pushing the earliest signal of future construction to its lowest level since March 2023. Key Takeaways * Single-family permits hit a multi-year low. They fell 4.0% in September to
new construction
New home sales rose in August but remained below last year’s pace. Buyers are increasingly concentrating at the bottom of the price distribution, and that shift is pulling the reported price of a new construction home lower. Key Takeaways * Sales are still soft. New home sales rose 6.4%
housing
Nationally, the apartment supply boom is fading. After years of record multifamily construction, the wave of completed apartments hitting the market is beginning to recede. That should eventually take pressure off rents. But the next phase won’t look the same everywhere. The metro data tell a more complicated story.
new construction
New-home supply is set to fall sharply in 2026. The biggest pullbacks are happening in some of the markets that spent the past few years working through an inventory glut. The housing market has spent the past few years working through too much inventory in many of the places
new construction
Homebuilders continue to pullback
new construction
New home sales fell in April, another sign that deteriorating household financial conditions are cooling housing demand. The rise in new home inventory sets up future price declines.