housing - Page 5

On Tuesday’s broadcast of “CNN This Morning,” Bank of America CEO Brian Moynihan stated that there was too much COVID stimulus, and “Now, we have to adjust to that decision. And that’s why you’re seeing the Fed tighten quick.” Moynihan

Daniel Barber, who represents New York City’s nearly 340,000 public housing tenants, says Democrat city officials are throwing millions in taxpayer money at newly arrived border crossers and illegal aliens while forgetting about poor New Yorkers.

Fed policy of tightening did not transmit to the new homes market last month.

Massachusetts taxpayers are being asked to foot a $139 million bill that would “expand emergency shelter capacity” for border crossers and illegal aliens arriving in the state.

The Fed fight against inflation is battering the housing market.

Single-family housing starts in September were at a rate of 892,000, 4.7 percent below the revised August figure of 936,000. Compared with a year ago, single-family starts are down 18.8 percent.

A much deeper slump in home builder sentiment took hold in October.

High inflation under Democrat President Joe Biden’s economy is making American consumers anxious about the affordability of basic necessities — such as housing, food, and gasoline. 

Mass migration has quickly spiked Canadians’ housing prices and rapidly reduced the share of Canadians who can own homes, admits the pro-migration New York Times.

Mayor Eric Adams (D-NY) declared a “state of emergency” Friday due to a surge of illegal immigrants, a situation that he said is “not sustainable.”

Single-family home construction spending dropped 2.9 percent.

People rushed to find a new home before the interest rate deluge washed affordability away.

Home prices are still up a lot compared with a year ago but the housing market is cooling and now seeing month-to-month declines.

More people left the San Francisco metro area than any other metro area in the country in July and August, according to the real estate listing website Redfin, despite a downward trend in departing residents, due to falling prices of housing in the area.

Single-family home sales are down 19.2 percent compared with August of 2021.

National Association of Home Builders CEO Jerry Howard offered up a pessimistic view of the U.S. economy during a Monday appearance on the Fox Business Network.

Home prices are likely to keep declining as interest rates climb higher.

Many Americans assumed no-money-down mortgages were a thing of the past after the 2008 financial crisis. But Bank of America has brought them back in a new home loan program for some black and hispanic borrowers.

In inflation adjusted terms, single-family home construction spending is probably down by twenty percent or more.

The Bank of America announced it will not require down payments on loans in certain primarily Black and Hispanic neighborhoods in five U.S. cities. 

Home prices decelerated more than expected but are still up by double-digits across the country.

A sharp drop in mortgage rates in July probably explains the shallower drop in pending sales.

A much bigger drop than expected.

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers predicted that we’ll “see significant housing

We’re in a housing recession in terms of sales and building. Prices, however, remain high.

On Tuesday’s broadcast of Bloomberg’s “Balance of Power,” White House National Economic Council Director Brian Deese stated that the declining housing market is “the intended result of the Fed’s tightening efforts.” Host David Westin asked, [relevant exchange begins around 17:05]

Homebuilder sentiment weakened for the eighth straight month, falling into negative territory for the first time since the pandemic first hit.

Private spending on single-family homes crashed 3.1 percent in June.

Housing prices in the San Francisco Bay Area dropped 7% from May to June 2022, their largest drop on record since records have been kept starting in 1990, amid an exodus from the troubled city, economic uncertainty, and rising interest rates.

Sales of new homes in the U.S. plunged 8.1 percent to a seasonally-adjusted annual rate of 590,000 in June, a far slower pace than expected by economists.

Big money investors and private equity firms, continuing to buy up affordable mobile home parks, are spiking rents for low-income and working-class Americans.

Senate Republicans have pushed back against the Federal Housing Finance Agency’s (FHFA) move to grant race-based housing subsidies.

Dozens of housing projects across China recently resumed construction after their stalled progress inspired a nationwide boycott in which Chinese homebuyers pledged to halt mortgage payments on pre-purchased, unfinished homes until building continued, China’s state-run Global Times reported on Sunday.

The Bill Gates-backed frontrunner for Conservative Party leader and Prime Minister has focused on banging the war drum on Ukraine, despite her rivals instead promising immigration and tax cuts.

A real estate analysis shows the average rent in Manhattan has risen to $5,058 a month — the highest in history and up 29 percent from last year.

Chinese state regulators vowed to help local governments complete unfinished property projects on Thursday after 100-plus delayed housing projects nationwide reported mortgage defaults in recent days, the state-run Global Times reported.