According to Census data recently crunched by the NAHB’s Eye on Housing, single-family built-for-rent construction posted year-over-year declines in Q4 2024 as a higher cost of financing crowded out development activity. They say the slowdown is similar to the deceleration of multifamily construction in recent quarters. In addition they say investor demand for single-family homes, both existing and new, has cooled with higher interest rates. Click here to read the full report at the NAHB’s Eye on Housing.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual increase for December, 2024. Their 10-City Composite increased 5.1% and their 20-City Composite increased 4.5%, year-over-year. “It has been five years since the Covid-19 outbreak took hold of the global economy, sparking unprecedented volatility, massive fiscal and monetary stimulus, and a housing market that responded to national migratory changes in how we work and where we live…National home prices have risen by 8.8% annually since 2020,” Said Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones Indices (S&P DJI). Click…
The U.S. Department of Housing and Urban Development (HUD) recently announced that they will terminate the Biden-era 2021 Affirmatively Furthering Fair Housing (AFFH) rule. According to their release, the move will cut costly red tape imposed on localities and returning decision-making power to local and state governments. The Biden-era AFFH rule was, in effect a “zoning tax,” which fueled an increase in the cost and a decrease in the supply of affordable housing due to restrictions on local land. “Local and state governments understand the needs of their communities much better than bureaucrats in Washington D.C. Terminating this rule restores…
The National Association of Realtors is reporting that pending home sales fell 4.6% in in January, 2025, following four consecutive months of increases. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 70.6 in January. The NAR says weather may have played a role; “It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in upcoming months…However, it’s evident that elevated home prices and higher mortgage rates strained affordability.” Said the NAR’s Chief Economist, Lawrence Yun. Click here to…
THIS STORY IS BEING UPDATED AS DEVELOPMENTS OCCUR…. UPDATE 3/3/25 The U.S. Treasury Department announced on March 2, 2025 that it will suspend enforcement of the Corporate Transparency Act against U.S. citizens and domestic reporting requirements. According to their release: The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the…
The U.S. Government is reporting that sales of new single-family houses in January, 2025 were at a seasonally adjusted annual rate of 657k, which is 10.5% lower than December’s revised rate and is 1.1% lower than one year ago. The median sales price of new houses sold in January was $446,300 with an average sales price of $510k. There were an estimated 495k new houses for sale at the end of January representing a 9-month supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.
What does it take to join the top 1% of income earners in America? That’s the subject of today’s graphic from the Visual Capitalist. They say it all depends on which state you live in…indeed. Stay safe and have a Happy Friday!!! Hat tip to the Visual Capitalist.
The Wall Street Journal (reposted on Realtor.com) says aging baby boomers are about to rekindle the senior housing market. They say that while senior housing has been one of the biggest disappointments for commercial real-estate investors, thanks to millions of aging baby boomers, that may be about to change. In fact, they point out that the oldest of the baby boomers turn 80 in less than a year. The sector is expected to move from its former glut to a shortage in the next five years. More than 560,000 new units are needed to meet all the demand by 2030,…
According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to experience slower growth, increasing 1.8% in December, 2024. They say this marks the lowest annual growth rate in about four years. In addition, CoreLogic says price growth for high-end rentals was 2.4% year over year in December as this market continues to outpace low-end rentals. “Single-family rent growth averaged 2.6% in 2024, below the 2010-2020 average of 3.5% when rents were growing at a fairly steady rate. Growth was frontloaded and slowed throughout the year…Though increases were moderate, rents continue to increase, with an…
ATTOM Data says in January, 2025 foreclosure rates saw a slight increase from December 2024 but remained lower than the same period last year. Their latest foreclosure report says in January the U.S. housing market experienced a modest increase in foreclosure activity, with 30,816 properties filing for foreclosure – up 8% from December but down 7% year-over-year. Be sure to check out their list of all 50 states. “Rob Barber, CEO of ATTOM, noted that the rise in foreclosure filings may partially reflect a post-holiday catch-up in processing, making it too early to determine whether this signals a shift in…
