Real Estate
December 18, 2024
U.S. Housing Starts and Permits (November 2024)
Housing starts fell 1.8% month-on-month (m/m) in November to 1.29 million (annualized) units, disappointing expectations for a modest rebound. Revisions to the data for the two prior months added 3k units to the previously reported tallies.
December 09, 2024
Higher Rates Delay U.S. Housing Recovery, But Some Improvement Expected in 2025
After declining through the spring and summer, 30-year mortgage rates rebounded back near 7% this autumn on the back of rising bond yields. Strong economic data and policy-related uncertainty – notably around the new administration’s use of import tariffs – have been key catalysts behind this rate backup. As such, further upward pressure on rates in the near term can’t be ruled out.
August 28, 2024
U.S. Housing Market – A Path Back to Affordability
The U.S. housing market has undergone significant changes in recent history – going from an unprecedented level of home affordability in the aftermath of the 2008 housing crisis, to a current state of unaffordability not experienced within the last 20 years.
