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Starting to Be Housing Bust 2 for Homebuilders & New Single-Family Houses

Estimated Reading Time: 2 minutes To get rid of ballooning inventories amid spiking cancellations & plunging sales, builders try to sell to rental operations, but they pulled back too.   If a homebuilder cannot sell their ballooning inventory of unsold new houses to households, at current prices and mortgage rates, amid plunging sales and soaring cancellation rates of […]

Lawmakers want to ban Wall Street from buying single-family homes

Wall Street companies have spent billions in recent years aggressively buying up single-family homes for cash, but a growing number of U.S. lawmakers and state officials want to end the controversial practice. . Democrats in the U.S. Senate and House of Representatives are sponsoring a bill called the American Housing Hedge Fund Deregulation Act that […]

Single-family housing starts surge in July as mortgage rates rise

Single-family home construction surged in July on the back of a severe shortage of existing homes, but mortgage rates have soared to near 20-year highs, which could dampen growth in new construction. . Single-family home starts, which account for the majority of housing construction last month, rose 6.7% year-on-year on a seasonally adjusted basis to […]

Single-family building is picking up. But can it help solve the housing shortage?

New home construction could give a boost to the housing market later this year after an increase in the number of single-family homes built last month and a record number of multi-family homes under construction. These lifts came despite a decline in builder activity throughout the month. Both single-family construction and new permits increased in […]

Wall Street Investors Are Snatching Up Single-Family Homes And Taking Over The Rental Market

MetLife Investment Management predicted last fall that institutional investors such as banks and large real estate firms will own 40% of U.S. single-family rental properties by 2030, according to CNBC. Lawrence Yun, chief economist at the National Association of Realtors, told the Daily Caller News Foundation that the continued housing shortage has forced banks and […]