News Formal

Housing market goes from bad to worse

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 87%

United States News News

United States United States Latest News,United States United States Headlines

The U.S. housing market is getting battered by rising interest rates and sky-high prices, as housing starts and builder confidence continue to decline.

Jerry Howard, the CEO of the National Association of Home Builders, provides insight into the housing market amid economic challenges.and soaring inflation, and data released this week shows things have gone from bad to worse.

The declines were much steeper than analysts expected: Economists surveyed by Refinitiv forecasted that housing starts would only fall by 1.3%, and that building permits would drop by 2.1%.Perhaps unsurprisingly, home builder confidence is down, too.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Housing is not crashing, its just inflated prices are coming back in line. Welcome news I think.

Bidens America

Biden 😡

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Home sellers cut asking prices as market coolsThe U.S. housing market may finally be cooling off. Prices will drop 30 percent in 12 months
Source: FOXLA - 🏆 445. / 53 Read more »

New data shows the hot Southern California housing market may be cooling offThe hot housing market in Los Angeles might be coming to a halt, according to the latest research into real estate trends. Recession dead ahead Sellers be realistic pricing now. It’s only going to get worse Lol
Source: CBSLA - 🏆 552. / 51 Read more »