Everything tagged "housing" across the TickerSpark archives.
U.S. pending home sales rose 3.8% in May, topping forecasts even as 30-year mortgage rates climbed above 6.5%. Softer list prices, more inventory and widespread price cuts helped unlock demand, suggesting housing is thawing and giving the Fed less reason to rush into rate cuts.
U.S. homebuilding took a sharp hit in May as housing starts fell 15.4% to 1.177 million, far below expectations. Multifamily construction drove most of the drop, while permits held near 1.4 million, suggesting the housing pipeline is slowing but not collapsing.
U.S. homebuilder sentiment slipped again in June as the NAHB index fell to 35, underscoring how high mortgage rates and stretched affordability are weighing on new-home demand. Builders are responding with more price cuts and incentives, but traffic and sales conditions remain weak.
May existing home sales rose to 4.17 million, topping forecasts and marking the fastest pace since December. The rebound came even as 30-year mortgage rates held near 6.48%, signaling resilient buyer demand. Tight inventory and record prices, however, show the housing market remains constrained.
New home sales and mortgage applications are weakening under elevated borrowing costs, but construction remains resilient and price growth is cooling. The latest data point to a housing market that is slowing in an orderly way, with softer demand and less inflationary pressure rather than a sharp downturn.
The market is still trying to front-run a 2026 easing cycle, but oil and labor data are arguing for a longer hold. If cuts slip, the most rate-sensitive trades — especially small caps, regional banks, homebuilders, and long bonds — look a lot less like opportunity and a lot more like crowded exposure.
April’s housing report showed demand weakening faster than supply. New home sales missed expectations, inventory climbed, and months’ supply rose, while building permits rebounded modestly. The data points to a cooling market shaped by higher mortgage rates, not a collapse, as affordability continues to weigh on buyers.
March Case-Shiller data shows U.S. home prices still rising, but barely. Annual gains slowed again, more than half of major metros posted declines, and mortgage rates near 6.5% kept affordability under pressure as inflation continued to outpace housing gains.
April housing data showed a mixed picture for U.S. construction: building permits rose above forecasts, while housing starts dipped from March. Multifamily projects powered the gains, but single-family activity weakened, underscoring persistent affordability pressure and a housing market that is resilient, yet far from booming.
U.S. pending home sales rose more than expected in April, marking a third straight monthly gain and a positive year-over-year reading. But the rebound remains modest, with high mortgage rates, weak affordability, and uneven regional demand keeping the housing market on fragile footing.
The NAHB Housing Market Index rose to 37 in May, topping expectations and reversing part of April’s drop. But builder sentiment remains well below 50 as high mortgage rates, weak affordability, and heavy use of discounts and incentives keep the housing market stuck in a soft patch.
U.S. existing home sales edged up to 4.02 million in April, missing forecasts as mortgage rates climbed to 6.37%. Inventory improved, but prices hit a record for April, underscoring a housing market that is stabilizing at a weak level rather than breaking into a true recovery.
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