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The recent spike in mortgage rates has had a more muted effect on Washington D.C.’s new-home sales than when they started their climb from record lows in 2022.

Despite rates shooting past 7%, the average new-home sales rate has been higher than a year ago, suggesting home buyers have adjusted to the new normal and are budgeting a larger portion of their income to housing.

In the January Zonda Market Ranking, the metro area was significantly overperforming compared with its long-term historical average. Home builders are ramping up new construction, and starts activity has improved over the past six months.

Builders are reporting offering smaller homes, buying land farther from urban centers, and paring back features to help lower costs and sales prices.

The cost of shelter is continuing to drive consumer inflation. The shelter index accounted for over two-thirds of the annual increase in the Consumer Price Index (CPI), according to the U.S. Bureau of Labor Statistics (BLS).

What’s the difference between a luxury service and a luxury experience? According to Antonia J.A. Hock, luxury high-rise developers must discern between the two to correctly forecast the market’s future.

Consumer prices remained unchanged in October on a seasonally adjusted basis, after increasing 0.4% in September, according to the U.S. Bureau of Labor Statistics (BLS). Over the last 12 months, inflation has increased 3.2%, according to the Consumer Price Index (CPI).

Simon Mass has a reputation within the building industry that spans across North America. He’s known as the creator of volume pre-construction sales investing for qualified high-net-worth individuals and families.  

Pending home sales climbed 1.1% in September, according to the National Association of Realtors.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose to 72.6 last month. Year over year, pending transactions declined 11%

Mortgage rates have surpassed home prices as the top reason it is a bad time to buy a home, according to the Fannie Mae Home Purchase Sentiment Index.

Are you looking for a home in Phoenix? Get ready for a challenge. RE/MAX released its National Housing Report for August, and the news out of Arizona may shock potential buyers.

Sherwin-Williams has selected Upward, a breezy and blissful shade of blue, as its 2024 Color of the Year.

Economists share projections for a potential soft landing, an economic recession, and what both scenarios could mean for the housing market.

Higher interest rates, inflation, and increasing insurance costs impact all sectors of the Baton Rouge, Louisiana, real estate market, but local experts are still quite optimistic….

The Zonda chief economist outlines four factors contributing to the ‘fairly significant’ labor shortage in the U.S.

The Consumer Price Index recorded its smallest year-over-year increase in nearly two years and grew just 0.1% month over month in March.

BUILDER examined the top 5 home building markets using Climate Alpha’s new HOMES tool that forecasts financial gains and losses due to climate change.