A Frightening Omen for the U.S. Housing Market

As the housing market grapples with historically tight inventories, more construction is needed to arrest an affordability crisis. Unfortunately, U.S. construction spending just fell for a fourth straight month. Losses were especially steep in the homebuilding segment. Homebuilders face multiple headwinds that could stunt the housing market recovery. Monday may not have been an enormous …

A Housing Crisis Is Brewing Because 4.3 Million People Can’t Pay Their Mortgages

Over 4 million individuals have not been able to pay their mortgage payments for 30 days or more. The housing market may see additional selling pressure as pressure on homeowners mount. Renters have also been unable to afford payments, putting additional risks on leasers. A staggering 4.3 million people have been unable to make their …

This Crucial Housing Market Stat Has Surged 54% in Six Weeks

A crucial housing market statistic has surged 54% in six weeks after bottoming out in early April. Mortgage applications for home purchases, a proxy for homebuyer demand, have achieved a V-shaped recovery. Economists say the strength in the housing market could help support the broader economy. The U.S. economy may not be able to mount …

Fed’s 1/2 Trillion Housing Market Bailout Is Making History Again

The Fed is going scorched earth on deflation in the housing market. The Federal Reserve has never intervened so forcefully in the economy. But in the process, it’s fueling the greatest of all time asset bubbles. Someone bulldoze the statue in the Lincoln Memorial and put Federal Reserve Chair Jerome Powell there. The Fed is …