Text size In April, one-unit housing starts fell 7.3% month over month. Stefani Reynolds/AFP via Getty Images Gauges of new-home construction showed signs of a slowing housing market, according to preliminary data released Wednesday—but not every part of the market appears to have slumped. Building permits in April fell 3.2% […]
Housing
SK Investments, Lansing Housing Commission deal draws ire from public
As the Lansing Housing Commission moves forward with the sale of about 200 public housing sites, local activists and city officials are raising concerns about selling to an out-of-state real estate investment firm. Lansing Housing Commission Executive Director Doug Fleming said the housing commission will be able to increase the amount of affordable […]
Milwaukee school converted to affordable housing through HUD program
A newly constructed slate, white and rust-colored building on Milwaukee’s near north side will now feature 82 units of affordable housing in place of the former Phillis Wheatley School. The former school, at 2442 N. 20th St., was the location of a $22 million redevelopment project utilizing low-income housing tax credits and $400,000 in HUD funds through […]
Firms to watch with housing shortage set to benefit homebuilder stocks
Ariel Skelley | Digitalvision | Getty Images The double whammy of a declining stock market and rising interest rates has been pummeling homebuilder stocks this year, resulting in rock-bottom valuations. Those valuations make housing stocks look like the worst home in a bad neighborhood. But in reality, the industry is […]
Real estate investment firms are crowding the housing market in Columbus and similar cities | News
As real estate investment firms across the country calculate which markets to swoop into to buy up housing stock, home buyers searching for a place to live are often left empty handed. While the firms claim to fulfill a desire in the community for more rental housing, experts in Columbus […]
Good news for home buyers? Fannie Mae chief economist says the U.S. housing market has finally turned a corner. Here’s why.
The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 during the earliest days […]
Latest homebuilder rankings provide peek into regional housing market
Construction at HHHunt Homes’ Rutland Grove subdivision in 2020. HHHunt ranked No. 2 on the Home Building Association of Richmond’s annual list of its top 10 member builders. (BizSense file photos) Business appears to remain strong among the area’s busiest homebuilders as the region’s housing market begins to show signs […]
‘The housing market faces an inflection point’: Home-builder confidence declines as interest rates rise
The numbers: The National Association of Home Builders’ monthly confidence index once again fell two points from the previous month to a reading of 77 in April, the trade group said Monday. The index remains at the lowest level since September. Nevertheless, index readings above 50 indicate that more builders believe that conditions […]
Headlines – County Executive Pittman Announces Plans for New Transitional Housing Community
Heritage at Madison Park in Glen Burnie will partner with County health and human service agencies to provide residents experiencing homelessness with services, workforce training, and permanent housing Glen Burnie, MD (April 12, 2022) – Anne Arundel County Executive Steuart Pittman announced plans for the renovation and transformation of the […]
With Housing Affordability in Doubt, Homebuilders are Taking a Beating
By many metrics, the US housing market is as strong as ever. Homes are worth more than at any time in history and according to Realtor.com, the national shortage stands at 5.2 million homes, up from the 3.8 million gap in 2019 (makes you wonder where people lived pre-pandemic). For […]