Despite mortgage rates soaring to above 7% in 2022, roughly 7.9 million families that did not own the home they lived in could afford to take on a new mortgage payment.
Price growth continued to flatten into June, before the more significant mortgage rate relief we’ve seen since.
Building permits issued in May decreased to 1,386,000 (SAAR). That’s 3.8% below the revised April rate and 9.5% lower than a year ago.
The seasonally adjusted S&P CoreLogic Case-Shiller U.S. National Home Price Index® increased 0.3% in April, matching its growth in March.
Mortgage Rates Eased Slightly This Week On Employment Data Revisions And Fed Minutes
July 2024 Housing Starts: Housing Starts Fall, Single Family Starts At Lowest Level Since April 2023
Singapore Overtakes Hong Kong In Terms Of Property Investment Prospects
May 2024: New Home Sales Fell Despite Easing Mortgage Rates in May
June 2024 Housing Starts: Housing Starts Rebound in June, Single-Family Construction Slows Less Than Expected