The annual “State of Home Spending” report shows increased spending on home improvement projects in 2023 and explores key home improvement trends Overall spend on home improvement grew 6% to ...
Key Takeaways: This is the first time in over 40 years that mortgage rates – after controlling for inflation - have been negative.Inflation is 9.1%, nearly twice as high as 5.5% mortgage ...
As interest rates for mortgages continue to rise, so does the comparative advantage of staying in place and remodeling vs. buying a new home. Key Takeaways: Controlling for hourly wage rates, a ...
Key Takeaways 30-year mortgage rates rose to 5.11% for the first time in over a decade The combined cost of a home – base price and mortgage rate – has produced the highest lifetime cost on ...
Key Takeaways: There are 143 million existing housing units in the country, while the production rate of new homes is only 1.3 million homes per year.If all the productive capacity of new home ...
February employment growth bounced back to a relatively strong 379,000 net new jobs gained month over month, and the national unemployment rate dropped to 6.2%, a level lower than the average post ...
Key Takeaways New home construction took a hit in April, with starts falling 30%.New home permits and new home starts lead new home completions by 6-12 months, which will potentially boost ...
Household spending on remodeling and maintenance expenditures changes as household income increases.Across all household income levels, maintenance spending increases by $2.29 for every additional ...
There are all sorts of ways to look at and understand the dynamics of ownership characteristics within the housing market: new houses under construction, new houses sold, existing houses sold, the ...
U.S home sales disappointed as a key economic indicator fell more than expected in June. Today the National Association of Realtors announced that existing home sales dropped 1.7% in June from the ...
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