Real Estate
April 17, 2025
U.S. Housing Starts and Permits (March 2025)
U.S. housing starts fell 11.4% month-on-month (m/m) in March to 1.32 million (annualized) units, notably below expectations for a smaller decline. Revisions to the data for the two prior months added 4k units to the previous reported tallies.
March 20, 2025
U.S. Existing Home Sales (February 2025)
Existing home sales rose 4.2% month-on-month (m/m) to 4.26 million units (annualized) in February. This was considerably better than market expectations, which called for a decline to 3.95 million. Sales were down 1.2% from February 2024. Unadjusted sales were down 5.2% year-on-year.
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.
