Trends

New-home mortgage applications drop 9% in May
New-home mortgage applications drop 9% in May

On a year-over-year basis, new-home mortgage applications were down 5.9% in May, the Mortgage Bankers Association reported, citing its Builder Application Survey.

Housing starts rise in May, but building permits fall
Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

Out-of-town movers reshuffling to larger, more affordable homes
Out-of-town movers reshuffling to larger, more affordable homes

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

Housing-price increases continue to gain steam
Housing-price increases continue to gain steam

The national year-over-year gain is the highest recorded since December 2005, Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indexes, said in a press release.

JV acquiring almost 2,000 homes throughout the South for single-family rentals
JV acquiring almost 2,000 homes throughout the South for single-family rentals

Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline.

NAHB: Single-family homes help boost total residential construction spending in March
NAHB: Single-family homes help boost total residential construction spending in March

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.

Americans on the move: Houston top city for inbound migration
Americans on the move: Houston top city for inbound migration

The COVID-19 pandemic is accelerating migration across the country, following moving patterns that began in prior years, according to a new report.

Houston ranked No. 22 most glamorous city in U.S.
Houston ranked No. 22 most glamorous city in U.S.

A new report ranks the glamour capitals of America — as well as the glamour deserts.

Pandemic-era sellers to iBuyers: ‘No thanks’
Pandemic-era sellers to iBuyers: ‘No thanks’

As the housing market heated up this summer, selling to an iBuyer became a less attractive option for many profit-minded homeowners.

Bought before they’re built: Advance new home sales highest since 2005
Bought before they’re built: Advance new home sales highest since 2005

An ongoing shortage of existing homes on the market has made newly constructed homes especially desirable.

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