The Federal Reserve Board’s decision to end “quantitative easing” may lead to higher new home prices. If incomes don’t rise, it could even create a second housing bubble, according to a report by Sandler O’Neill + Partners, an investment banking firm based in New York. The report notes that home…
A panel of three prominent executives in the home building industry emphasized the need to continue innovating even as the housing recovery continues.
In a potential harbinger of things to come, new home price increases slowed in the second half of last year as mortgage interest rates rose. Housing economists expect mortgage rates to rise for at least the next two years as the Federal Reserve reduces its bond buying. The average rate…
Housing starts dropped sharply in December as builders lost a little confidence in the housing recovery, even as the housing market finished with its best yearly total since the housing boom, according to Commerce Department statistics. Housing starts fell 9.8 percent in December to an adjusted annual pace of 999,000….
