Bidenomics: Home Builder Sentiment Crashes Below Key Break-Even Level
Sentiment declined for a second consecutive month in September.

Sentiment declined for a second consecutive month in September.
Wall Street thought sales would fall by 0.5 percent. Instead, they rose 0.9 percent.
The rapid rise in mortgage rates has pushed many owners of existing homes out of the market, giving a boost to home builders and the market for new homes.
What if we had a housing recovery and no one showed up?
The rapid rise of interest rates after years of ultra-low rate mortgages has paralyzed the housing market.
On Friday’s broadcast of “CNN This Morning,” co-host Phil Mattingly and CNN International host Julia Chatterley discussed the surge in mortgage rates and said that the skyrocketing mortgage rates have contributed to “the worst affordability crisis in housing that we’ve
“Without significantly slowing down the population growth driven by sky-high net migration, the housing crisis will never be resolved.”
Sales cam in much lower than expected.
Home prices are down the most on a year-over-year basis since 2012.
President Joe Biden’s flood of legal and illegal migrants is inflating the costs that ordinary Americans and their grown children must pay for housing, according to the Wall Street Journal.
It’s not exactly a self-evident truth, but it is a data-evident truth: the U.S. housing market is recovering.
New single-family home construction spending rose 1.7 percent, giving more support to the idea that the housing market may have bottomed earlier this year and begun to recover.
New York City Mayor Eric Adams compared an 84-year-old woman who escaped the Holocaust to a “plantation” owner after she complained about rising rents at a town hall meeting in the Washington Heights neighborhood Wednesday.
The Labour Party is reportedly planning to force landowners to sell their land at cut rate prices in order to facilitate more home building.
The Tory government’s policy of mass migration is placing an “unbearable” strain on the housing market, Migration Watch UK has said.
The gains in April were driven by single-family construction in the West and multifamily construction around the country.
The cost of living crisis in the United Kingdom has seen nearly three-quarters of a million Britons miss a housing payment last month.
San Francisco families are trying to survive in RVs and trailers after the housing market forced them into the situation.
New home sales jump to 683,000, must higher than expected.
The latest evidence of an earlier than expected recovery for the housing market.
On Monday’s broadcast of CNBC’s “Squawk Box,” David Stevens, who served as Federal Housing Association Commissioner during the Obama administration, stated that the mortgage plan proposed by the Biden administration will be ineffective at helping people with lower credit scores, and will
On Thursday’s broadcast of the Fox News Channel’s “America Reports,” David Stevens, who served as Federal Housing Association Commissioner during the Obama administration, stated that the Biden administration’s mortgage plan is an inversion of how Freddie Mac and Fannie Mae have
Climbing mortgages rates in March held back sales.
The latest sign that the housing recession may be coming to an end.
Home prices have been declining as the Federal Reserve’s interest rate hikes have pushed up rates on home loans.
Sales of new homes in the U.S. moved up in February after a big downward revision to the prior month’s estimate. The Census Bureau said Friday that purchases of new single-family homes rose 1.1 percent to a annualized pace of
There were more green shoots of a recovery in the housing market to be seen on Tuesday.
A much bigger jump in home sales than expected.
Has disinflation in housing already gone dry?
Is the housing recession already over?
New Yorkers living in the suburbs outside of New York City say Gov. Kathy Hochul’s (D) zoning plan to override local laws would effectively demolish their communities, forcing them to accept hundreds of thousands of new housing units.
A new paper says older homeowners dropped out of the labor force when home prices boomed.
Mass migration into Canada is inflating the cost of housing so rapidly that top leaders are calling for a slowdown.
A funny thing happened on the way to the recession.
A record number of British adults are still living at home with their parents as younger generations put off marriage and raising children, the country’s official statistician revealed on Friday.
Sen. J.D. Vance (R-OH) says Americans are being robbed of the dream of owning a home as one of the many negative results of illegal immigration.
President Joe Biden’s massive wave of economic migrants is helping employers cut wages, according to a celebratory article in the New York Times.
Border crossers, who arrived in New York City on buses from Texas, are refusing to leave a luxury Manhattan hotel that city officials had placed them in.
Roughly 1 in 4 millennials say their parents cover their rent, a new poll conducted by OnePoll on behalf of Chartway Credit Union found.
A Belgian couple who offered to provide their home to refugees fleeing the war in Ukraine say they were left with €36,000 ($39k) in damages.