Americans Are Forming Households at a Much Faster Pace Than Builders Are Constructing Homes

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New home sales plummet amid bad weather, but analysts remain upbeat on construction activity
New home sales have plummeted amid bad weather, but analysts remain upbeat on construction activity.

The post Americans Are Forming Households at a Much Faster Pace Than Builders Are Constructing Homes appeared first on Real Estate News & Insights | realtor.com®.

New-Home Construction Falters Due to February’s Winter Storms—but Support for a Home-Building Frenzy Remains

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Housing starts saw a double-digit decrease in February thanks to a spate of winter storms nationwide.

The post New-Home Construction Falters Due to February’s Winter Storms—but Support for a Home-Building Frenzy Remains appeared first on Real Estate News & Insights | realtor.com®.

Home Builder Confidence Dips to Lowest Level Since August as Concerns Grow About Rising Material Costs and Higher Interest Rates

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Rising lumber costs are making newly-built homes much more expensive, construction firms report.

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Black Homeownership Rate Hits Lowest Level Since the 1960s—That’s Unlikely To Change in Pandemic Year 2

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In the second quarter of 2019, the Black homeownership rate dropped to 40.6%, down 7 percentage points from a decade earlier. It now hovers closer to 44%.

The post Black Homeownership Rate Hits Lowest Level Since the 1960s—That’s Unlikely To Change in Pandemic Year 2 appeared first on Real Estate News & Insights | realtor.com®.

Federal Judge Says CDC’s Eviction Moratorium Is Unconstitutional, but Advocates Argue That Renters Are Still Protected

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A federal judge has delivered a potential blow to the national eviction moratorium first issued under the Trump administration.

The post Federal Judge Says CDC’s Eviction Moratorium Is Unconstitutional, but Advocates Argue That Renters Are Still Protected appeared first on Real Estate News & Insights | realtor.com®.

Borrowers With Fannie Mae, Freddie Mac Mortgages Can Receive Up to 18 Months of Forbearance, Regulator Says

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The FHFA also amended its separate payment deferral option for homeowners so they can now miss up to 18 months of payments.

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