The WPJ

San Francisco

U.S. New Home Sales Dive 27 Percent Year-Over-Year in April

According to the National Association of Home Builders, in a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April 2022, falling to their weakest pace in two years, as rising mortgage interest rates and worsening affordability conditions continue to take a toll on the housing market.

U.S. Mortgage Applications Dip in Mid-May

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 20, 2022, U.S. mortgage applications decreased 1.2 percent from one week earlier.

Economic Headwinds, Rising Rates Stall Single Family Housing Starts in the U.S.

According to the National Association of Home Builders, the single-family housing market continued to show signs of slowing in April 2022 as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market.

U.S. Builder Confidence Implodes on Rising Interest Rates, Inflation Woes

The National Association of Home Builders is reporting this week that U.S. builder confidence took a steep drop in May 2022 as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation are taking a toll on buyer demand. 

San Francisco Property News












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