US single-family housing starts dented by Hurricane Beryl, higher mortgage rates
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. U.S. single-family home construction fell to its lowest level in a year and a half in July, partly due to the disruption to housing activity caused by Hurricane Beryl, but an […]
Housing Starts Unexpectedly Plunged In July
Homebuilders backed away from new homebuilding and construction plans in July, threatening to worsen home affordability in the United States. The Census Bureau said Friday that the pace of new project starts fell 6.8% to a seasonally adjusted annual rate of 1.238 million. Economists had been expecting a pace of 1.342 million. The number of […]
Housing Supply Booms in Argentina Since Javier Milei Cut Rent Control Law
One of the first acts of liberal President Javier Milley after winning Argentina’s presidential election last November was to repeal the country’s notoriously clumsy and counterproductive rent control. The results are in: rents are plummeting in Argentina as housing supply explodes. Rent control is a policy favored by leftists in the United States and Europe, […]
‘Rent is too damn high’: Rosen panned for Biden-aligned votes, high housing costs
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Harris housing plan includes construction of 3M units, $25K down payment support
According to a Harris-Waltz campaign official, Vice President Harris is expected to unveil a plan to lower housing costs and address the housing shortage through new home construction and down payment assistance for first-time homebuyers. Harris’ “urgent and comprehensive four-year plan” includes building 3 million new homes, providing tax incentives to homebuilders for building “starter […]
Kamala Harris Promises to Calm Housing Crisis that She Helped Create
Democratic presidential candidate Vice President Kamala Harris is trying to convince voters that she can help alleviate the painful costs of buying a home, while hiding her support for mass immigration, which she blames for soaring home prices. “From day one, I will be tackling price gouging and working to bring costs down…we will tackle […]
Inflation Revived In July as Housing Prices Continue To Rise
Inflation rose in July, reversing a decline in prices the previous month, but remained muted enough to ensure the Federal Reserve cuts interest rates next month. The Bureau of Labor Statistics said Wednesday that the consumer price index rose 2.9% in July from a year earlier. The government’s main inflation measure rose 3% from a […]
Biden investing $100M to spur housing construction
Biden Administration Announced $100 million investment Tuesday aimed to combat barriers to affordable housing construction. The funding will be provided through the Pathways to Removing Barriers to Housing program, which provides grants to state and local governments and other entities. Greater Effort “Identifying and removing barriers to the creation and preservation of affordable housing.” The […]
Democrats Own the Housing Crisis, as They Infused ‘Millions’ of People into U.S. Society
Democrats are to blame for the housing crisis because they have allowed “millions” of people into American society through illegal immigration, said Dr. Ben Carson, who served as U.S. Secretary of Housing and Urban Development under former President Donald Trump. Breitbart News Daily. Host Matthew Boyle asked Carson about the cost of housing under a […]
‘My Dollar Went Further When Trump Was President’: Swing State Voters Blast High Housing Prices Under Biden-Harris
According to The Wall Street Journal, Midwesterners are frustrated by rising home prices and the cost of living under Biden, highlighting how they had more money under former President Donald Trump’s tenure. Milwaukee-area residents once considered the battleground state a great place to live, but prices have skyrocketed under President Joe Biden, leaving many struggling […]