Redfin reports that an increase in December housing supply has led to rising vacancies, motivating landlords to lower asking rents, which fell nearly 1% from a year earlier.
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Pending Home Sales Level Off in November
NAR reported a steadying of pending home sales in the month of November, as contract signings grew in the Northeast, Midwest, and West, but slid in the South.
Read More »Housing Starts on the Rise in November
HUD and the Census Bureau have reported privately‐owned housing starts were up in November 2023, nearly 15% above October 2023’s totals.
Read More »Congress Extends National Flood Insurance Program
Narrowly avoiding cancelation and a total government shutdown, last-minute bipartisan legislation was passed calling for the continued funding of the NFIP for an additional 45 days, through mid-November.
Read More »Bill Introduced to Address Affordable Housing Crisis
The Housing Supply Expansion Act would reform a 1930s-era labor law by reducing labor costs and administrative burdens on residential construction contractors.
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