Two different reads on the housing market released Thursday point to the same problem, one that appears to be getting worse. Housing is just too expensive — to own and to build. Pending home sales in June, a measure of signed contracts on existing homes, fell 5.4% from May, according to the National Association of…
Bipartisan legislation intended to increase the U.S. housing supply and improve affordability is now law — but experts say homebuyers and sellers shouldn’t expect fast relief. The 21st Century ROAD to Housing Act automatically became law on Saturday after President Donald Trump neither signed it nor vetoed it within a set timeframe. The legislation combines…
High mortgage rates coupled with record-high prices are causing homebuyers to pull back. Sales of previously owned homes in June dropped 2.4% from May to 4.09 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were predicting a slight gain month over month. June sales were, however,…
In an aerial view, a residential neighborhood is seen on June 4, 2026 in Pembroke Pines, Florida. Joe Raedle | Getty Images Mortgage rates have been hovering in a tight range for more than a month, and that range is on the relatively high side. As a result, mortgage demand isn’t moving much either. Total…
Brookfield Asset Management wants to bring data centers to London’s Canary Wharf, the financial district often dubbed the “U.K. Wall Street,” CEO Connor Teskey told CNBC on Thursday. Speaking with CNBC’s “Squawk Box Europe” in Canary Wharf, Teskey said AI infrastructure, and the underlying energy requirements needed to support it, are now “the single largest…
Homes in Daly City, California, US, on Tuesday, May 19, 2026. Jason Henry | Bloomberg | Getty Images Overall mortgage demand flattened last week, as interest rates continue to hover in a narrow range. Borrowers are also pulling back from riskier loans, as they are offering smaller advantages. Total mortgage application volume increased 0.04% last…
The AvalonBay Communities Inc. Park Loggia condominium, center, is reflected in a building in New York, U.S. Mark Abramson | Bloomberg | Getty Images The biggest ever merger of real estate investment trusts — the combination of Equity Residential and AvalonBay, announced Thursday — has investors and analysts alike left with dropped jaws. The all-stock…
New York City Mayor Zohran Mamdani speaks about the fiscal year 2027 budget in New York City on May 12, 2026. (Photo by TIMOTHY A. CLARY / AFP via Getty Images) Timothy A. Clary | Afp | Getty Images From New York to Vancouver to London, a once-niche policy idea is moving into the mainstream…
Sales of previously owned homes in April were essentially flat compared with March, rising just 0.2% to 4.02 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were expecting a gain of more than 3%. April sales were unchanged year over year. This count is based on…
Data centers are gobbling up land, driving up electric bills, and becoming a lightning rod for public discontent over big tech’s power in society. Maine’s legislature recently passed a data center ban in the state (but failed to override the governor’s veto). According to the National Conference of State Legislatures, 14 states spanning the political…
