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Sun Belt cities lead the way for new home sales

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. A study released Thursday by fintech and personal finance website SmartAsset delved into Zillow data on new home sales. A key conclusion is t...

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Higher rates are impacting future housing production

Higher mortgage rates have impacted the 5-unit permit data so much that we are already at COVID-19 recession lows. Are we starting to see higher mortgage rates slow single-family permits too? Back in 2022, the housing sector was in a full-blown recession, with existing home sales crashing and housing permits and starts falling. However, after Nov. 9, 2022, mortgage rates fell, the builders cut...

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