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News Articles: Housing Market

The U.S. needs 4 million more homes in order to keep up with demand. But high prices and mortgage rates are making builders question whether they want to build homes that might not sell.

Tagged as: 

  • Economy

The U.S. needs more homes, but builders may be slowing construction

The U.S. has a home shortage, but builders may be slowing instead of increasing construction because of worries that the homes won't be sold.

June 15, 2022
|
By:
  • Jacqueline GaNun
A "for sale" sign is posted on a home last month in Philadelphia.

Tagged as: 

  • Economy

First-time homebuyers are getting squeezed out by investors

With a historic shortage of homes for sale, investors making cash offers are pushing first-time homebuyers out of the market.

February 18, 2022
|
By:
  • Chris Arnold and
  • Anthony Tellez
New homes under construction in Mebane, N.C., earlier this month. A historic shortage of homes for sale has been pushing prices sharply higher. So builders are trying to ramp up projects.

Tagged as: 

  • Your Money

Home prices rose faster than ever in 2021. The typical home gained $50,000 in value

For first time homebuyers it was one of the hardest years ever to afford a house. But homeowners saw tremendous gains in housing wealth.

January 20, 2022
|
By:
  • Chris Arnold
Lauren Barber stands in her home in Columbus, Ohio, on Nov. 16. Barber has been inundated with offers from investors and companies that want to buy her house. She sometimes gets called or texted more than five times a day with offers.

Tagged as: 

  • Economy

Hey, I want to buy your house: Homeowners besieged by unsolicited offers

Lots of speculators are jockeying to get in on the hot market. Sometime they call homeowners multiple times a day. It can be an invasive nuisance, or worse.

November 20, 2021
|
By:
  • Chris Arnold
Lumber is piled at a housing construction site, Thursday, June 24, 2021, in Middleton, Mass. Home construction in the U.S. rose a strong 6.3% in June, another big swing in what has been an up-and-down year so far. The rise in June put home construction at a seasonally adjusted annual rate of 1.64 million units, the Commerce Department reported Tuesday, July 20.

Tagged as: 

  • News

Georgia Today: Why Georgia’s Timber Growers Come Up Short In Pandemic Building Boom

The COVID-19 pandemic is sparking an unprecedented boom in housing sales and remodeling across the country as many Americans seek more space in which to live, work and learn at home. The historic levels of consumer demand over the last year has pushed finished lumber prices to all-time highs and Georgia’s massive timber industry that employs hundreds of thousands of people is struggling to adjust. The latest Georgia Today podcast with guest Ryan Dezember, a reporter at The Wall Street Journal, explores the lumber boom's impact on the state’s critical timber industry and its growers, and what all this could mean for home prices. 

July 30, 2021
|
By:
  • Steve Fennessy and
  • Jess Mador
Marissa Lovell had hoped to buy her small Boise, Idaho, rental home until the price shot up by nearly $100,000 amid the coronavirus pandemic.

Tagged as: 

  • National

Homebuyers Squeezed As Western States See Prices Double Or More In Last Decade

The pandemic has made the housing market even tighter in the mountain West, where first-time buyers are trying to decide whether this is just the future or a bubble headed eventually for a bust.

May 28, 2021
|
By:
  • Kirk Siegler
The supply of previously owned single-family homes fell to a 2.4 months in October — the lowest since 1982, when the National Association of Realtors began collecting the data.

Tagged as: 

  • Economy

'We Need To Build More Homes': Prices Soar Amid Housing Shortage

It's not only low interest rates pushing up prices to record highs. A historic lack of homes for sale is a big part of it too. And it's making homeownership unaffordable for too many people.

November 19, 2020
|
By:
  • Chris Arnold
My dream Zoom house in Truckee, California.

Tagged as: 

  • Economy

Zoom Towns And The New Housing Market For The 2 Americas

One America is living in a housing boom. The other needs support from the government or family for an affordable place to live.

September 08, 2020
|
By:
  • Greg Rosalsky
Caroline Wells and her family at their new home outside San Antonio. The builders just finished it so the yard has yet to be planted, but the couple are looking forward to letting the kids run out their energy with a lot more outdoor space than they had at their home in the city.

Tagged as: 

  • Economy

More Space, Please: Home Sales Booming Despite Pandemic, Recession

Despite high unemployment, a severe recession and economic uncertainty, the housing market is on a tear. Sales are booming, and prices hit a record high. Low rates and remote work are driving factors.

August 28, 2020
|
By:
  • Chris Arnold

Tagged as: 

  • Family

As Major U.S. Cities Push To Diversify Housing, Atlanta Suburbs Aren't Ready For Change

In many American neighborhoods, it's illegal to build anything other than a single-family home on most lots zoned for residential properties. Take Sandy...

June 25, 2019
|
By:
  • Leighton Rowell and
  • Virginia Prescott

What Can The Fair Housing Act Tell Us 50 Years Later?

The Fair Housing Act is 50 years old this year. Former President Lyndon Johnson implemented this landmark piece of civil rights legislation days after...

September 24, 2018
|
By:
  • Elena Rivera and
  • Virginia Prescott

On Second Thought for Tuesday, July 10, 2018

Just over a year ago, the Federal Bureau of Investigation arrested a 25-year-old woman in Augusta, Georgia for allegedly leaking top secret information...

August 10, 2018
|
By:
  • Virginia Prescott ,
  • Leighton Rowell ,
  • and 4 more
With mortages and rental rates continuing to rise in Atlanta, some homeowners are being pushed out.

How The Reverse Of White Flight Is Affecting Mortgage Rates In Atlanta

“The City Too Busy To Hate” wasn’t always the case for Atlanta. After the Civil Rights Act of 1964, many white residents resented that African-Americans...

July 10, 2018
|
By:
  • Virginia Prescott and
  • Summer Evans

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