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Builders are pausing projects

Dave Gallagher of RealEstateNews.com reported that the average 30-year mortgage rate climbed to 6.51% in the past week, according to Freddie Mac, with Mortgage News Daily clocking 6.65% on May…

Pending home sales rise

Pending sales highest since 2022

Dana Anderson of Redfin reported that U.S. pending home sales climbed to 340,101 on a seasonally adjusted basis in the four weeks ending May 3, the highest level since September…

A housing market with two minds

The U.S. Census Bureau reported that March housing starts surged 10.8% from February to a seasonally adjusted annual rate of 1,502,000, also 10.8% above the March 2025 pace. Single-family starts…

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