Decision to increase lending rates comes years too late

Luna Ruth

You’ve probably heard the lament that a farmer has locked the barn door after the horse has already left the barn. That’s how the affordable housing community looks at the Federal Reserve’s decision to finally increase lending rates. The Fed should have done this years ago. Suppressing interest rates contributed […]

New-home construction improves despite high inflation, rising mortgage rates, and the shortage of skilled labor and materials

Luna Ruth

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.79 million in March, representing a 0.3% increase from the upwardly-revised figures for the previous month, the U.S. Census Bureau reported Tuesday. Compared with March 2021, housing starts were up nearly 4%. Permitting for […]