Housing

The number of homebuilding projects started in January plunged, hitting the lowest rate since August, with the Midwest region lagging the most. Data from the U.S. census bureau on Friday showed housing starts fell by 14.8% in January, rocked by a chunky 35.8% fall in projects started on multifamily...

Shares in homebuilders fell sharply this week following fourth-quarter results from D.R. Horton Inc (NYSE:DHI) which showed the company had to pile on the sales incentives to generate its top-line growth. Thus, even though the biggest house builder in the U.S. generated annual revenue growth of 6.4...

With homeownership becoming out of reach for many Americans as mortgage rates remain at a 20-year high, nearly one-third of Generation Z are living with a parent or family member. According to a recent study from Intuit Credit Karma, 48% of Americans don't own a home, 36% rent and 11% live with...

With homeowners who have low mortgage rates sitting on the sidelines, mortgage applications for newly built homes are surging. Mortgage applications for new home purchases rose 22.2% in December compared to a year ago, according to Mortgage Bankers Association (MBA) data from December. Applications...

San Francisco and San Jose might be the biggest cities in Northern California, but both rated last and second to last in a recent study of how "happy" homeowners were with their homes and neighborhoods relative to how much homes cost. This study comes against a backdrop of rising prices and a...

After years of cities in Sun Belt states like Texas and Florida topping the list of hottest housing markets, Ohio is now home to three of America's top markets for 2024, according to Zillow. Cleveland, Columbus and Cincinnati are in the top 10. Benzinga looks at the Buckeye State and why so many...

U.S. foreclosure activity in 2023 increased from the previous year but was still below prepandemic levels, according to a report from real estate data provider ATTOM. Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 357,062 properties in 2023, up...

Faster than a speeding bullet, word is spreading that the super-chic dwelling of the mild-mannered Clark Kent and his alter ego Superman is on the market for $5.9 million. The seller purchased the four-bedroom, 3½-bath condo for $5.27 million in 2021, according to the New York Post. While Kent and...

As the new year unfolds, the housing market is making headlines with a surge in mortgage applications, marking a 9.9% uptick from just a week ago despite a slight increase in mortgage interest rates. Insights from the Mortgage Bankers Association's (MBA) Weekly Mortgage Application Survey, adjusted...

Amazon.com Inc. Founder Jeff Bezos's recent announcement that he will move to Miami with his fiancée Lauren Sanchez caused a stir as he will leave behind the Seattle area, which is synonymous with the company's success.  Amazon staff is reportedly searching for extensive office...

Real estate investors still account for a significant number of single-family home purchases, buying 26% of all homes sold in June 2023, according to a recent report. These numbers have remained fairly unchanged over the past two years, and are causing some lawmakers to call for banning large...

U.S. markets were mixed on the last day of trading in 2023. The Dow Jones and S&P 500 experienced gains, rising by 0.14% and 0.04% respectively, while the Nasdaq declined 0.03%. On Thursday, the Dow closed at 37,710, the S&P at 4,783.35, and the Nasdaq at 15,095.14. Transitioning from the...

The Panic Issue  GDP was revised down, but is still at a high level due largely to massive Congressional  overspending. FedEx provides a warning about future demand which is then confirmed  by November’s PCE data. The Philly Fed shows a massive decline in new orders. Even...

Los Angeles mansion owners, once keen on selling their grand properties, are now grappling with a market that’s less than favorable for sales. The trend is particularly evident in the city’s most opulent areas, where the challenges are two-fold: a new tax on luxury sales and a turbulent...

To gain an edge, this is what you need to know today. Look Ahead Please click here for a chart of VanEck Semiconductor ETF (NASDAQ: SMH). Note the following: Semiconductors are the leading sector.  Advances in semiconductors are also at the core of the artificial intelligence...