New Home Sales Weaken in October

Sales were down 5.6% month-to-month, but they’re up 17.7% year-to-year and up 4.6% so far in 2023. About 30% of all Oct. home sales were new construction.

Note to Seniors: The Kids Don’t Want Your House

Some older adults won’t downsize because they want to transfer their “pride of ownership” to loved ones – but the younger generation wants to buy its own house.

Modular Housing CEO: Solution to Chronic Shortage

The site-built home process hasn’t changed much over the decades, but modular building makes it more efficient by completing different tasks at the same time.

Home Sales Likely to Weaken in Near Term

Fannie Mae researchers: Mortgage rates in 2024 will retreat from recent highs and average 6.8% by year’s end; in turn, home sales will increase modestly over the year.