Page 10 - Housing Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This, the cooling continues. u.s. single family home building tumbling to a 2 1/2 year low in november. permits for future construction plunged 11%. we got this report from the commerce department on the heels of home builder confidence and a reading there yesterday where we saw that fall to a record -- for a record 12th month in december. residential investment continuing to contract. housing is in a recession. that's something we were told last hour here. the housing data is disconnected or lagging what's happening in the field as well. it has been a swift slowdown. home builders are respond...

Stock futures edge higher after brutal five-day selloff; Week Ahead: housing data, Nike, FedEx in focus; Tesla jumps as Musk says he may step down as Twitter CEO; Sam Bankman-Fried reportedly won't fight extradition to the United States and Aerojet Rocketdyne agrees $4.7 billion takeover by L3Harris.

Falling home prices are offsetting some other affordability constraints like high mortgage rates. They may be the break you've been waiting for.

As the fight against inflation intensified. the fed has raised interest rates five times this year and made history with three gigantic hikes in a row. >> we have got to get inflation behind us. i wish there were a painless way to do that. there isn't. we have to get supply and demand back into alignment. and the way we do that is by slowing the economy. >> you can see it in mortgage rates, which have doubled this year. freddie mack says the 30-year fixed rate mortgage hit 38-- an the fed vowed to keep up rates for longer that it is working to cool economy and quell inflation. on the calender ...

Federal Reserve rate hikes are piling the pressure on the US's hugely expensive housing market, with sales tumbling and inventory shooting higher.