Construction of new homes decreased slightly in April for the second month in a row, according to new data released today from the U.S. Census Bureau and U.S Department of Housing and Urban Development (HUD).
The new data show housing starts decreased to a seasonally adjusted rate of 1.72 million, a 0.2% decrease from the previous month and up just under 14.6% YoY. Here are the numbers:
The closely watched weekly data released by the Mortgage Bankers Association (MBA) on mortgage applications reported a precipitous drop after two weeks of gains, as spiraling rates, broader economic uncertainty and continued low inventory seem to be putting a longer-term damper on both refinancing and new mortgages.
For the first time since the Great Recession, buyers may have an easier time buying a home in the city than in nearby suburbs this home shopping season, according to new data from Zillow® that shows homes in the suburbs recently have been appreciating faster than urban homes, indicating stronger demand and fiercer competition.
United Real Estate’s Vice President of Marketing, Amanda Cline, has been named to the 2022 Class of “40 Under Forty” by Ingram’s Magazine. This year’s class includes 40 young executives, professionals and community leaders recognized in the Kansas City region.