The National Association of Home Builders (NAHB) released its Multifamily Market Survey that covers results from the fourth quarter of 2024. The survey also highlighted mixed sentiment among homebuilders in terms of multifamily construction this year. The organization redesigned the survey to align with other NAHB sentiment surveys. Index values are evaluated on a scale…
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This Valentine’s weekend brought an unexpected gift to the housing market as a weaker-than-expected retail sales report sent the 10-year yield tumbling, bringing mortgage rates down to under 7%. Although it’s a welcome decline, we’re still seeing rates considerably higher than the near-6% levels we enjoyed for a fleeting moment last year. It’s been a…
Three multiple listings services (MLSs) on the West Coast have formed a strategic partnership that will expand the reach of their real estate listings. California’s MetroList, the Northern Nevada Regional MLS (NNRLMS) and Oregon Data Share (ODS) will share real-time data, market insights and transaction history between the more than 30,000 subscribers to the three…
The U.S. Department of Housing and Urban Development (HUD) on Thursday officially announced the launch of a task force that will collaborate with billionaire Elon Musk’s “Department of Government Efficiency” (DOGE), which currently operates out of the White House. The task force is designed to “review how HUD is spending American taxpayer dollars,” in alignment…