Spending on U.S. construction projects was essentially unchanged in September, the weakest showing since June, as an increase in home construction was offset by a slide in spending on government projects. The Commerce Department said Thursday that the flat reading ...
Read More »Home-price gains weaken for 5th straight month
U.S. home-price gains slowed for the fifth straight month in August as higher mortgage rates have lowered home sales. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, increased 5.5 percent in August compared with a year earlier, down ...
Read More »Rising rates, slowing home sales expected to hurt remodelers
General contractors and other small businesses in the home-remodeling industry can expect revenue to slow in 2019, the result of rising mortgage rates and sluggish home sales. That’s the prediction of Harvard University’s Joint Center for Housing Studies, which last ...
Read More »Home sales fell in September to slowest pace in 3 years
U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy. The National Association of Realtors said Friday that sales declined 3.4 percent last month, the biggest ...
Read More »US mortgage rates fall slightly; 30-year at 4.85 percent
Long-term U.S. mortgage rates dipped slightly this week, taking a pause after weeks of steady increases stoked by rising interest rates. Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching ...
Read More »Housing starts sank 5.3 percent in September
U.S. home construction fell 5.3 percent in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market. The Commerce Department said Wednesday that housing starts slipped last month to a seasonally adjusted annual rate ...
Read More »Mortgage rates edge lower; 30-year rate at 4.71 percent
Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases. Costs for would-be homebuyers have been climbing, and the key 30-year rate has been running at its highest levels in more than ...
Read More »Home prices rise at slowest pace in nearly a year
U.S. home prices rose in July at the slowest pace in 10 months as climbing mortgage rates become a more significant factor for a growing number of prospective buyers. The S&P CoreLogic Case-Shiller 20-city home-price index increased 5.9 percent in ...
Read More »US home sales were flat in August
U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level considered to be affordable for the middle class — has become a drag on the real estate market. ...
Read More »August housing construction up 9.2 pct., but permits slide
U.S. home construction rebounded in August at the fastest pace in seven months but applications for new building permits plunged, sending mixed signals for an industry that has been struggling with rising lumber costs. Housing starts increased 9.2 percent in ...
Read More »Construction spending rose 0.1 percent in July
Spending on U.S. construction projects ticked up 0.1 percent in July, led by an increase in homebuilding and the publicly funded building of schools and highways. The Commerce Department said Tuesday that the slight July increase brought total construction spending ...
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