There has been an increase in home listings during recent weeks as sellers jump to cash in on the current high home prices. New listings climbed almost twice as fast for the four weeks ending May 15 compared to the same period in 2021, according to a May 19 press release by real estate brokerage…
Home Listings Spike as Sellers Look for Buyers While Prices Remain High
May 27, 2022
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US Single-Family Starts Tumble; Construction Backlog at Record High
April 21, 2022
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WASHINGTON—U.S. single-family homebuilding and permits tumbled in March as soaring mortgage rates increased costs, but residential construction remains underpinned by a severe shortage of houses. The report from the Commerce Department on Tuesday also showed a record backlog of homes approved for construction, but yet to be started. It followed on the heels of news…
Home Prices Rise as Construction Remains Stagnant With Supply Chain Shortages
November 18, 2021
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Single-home construction went down in October, while authorizations given for starting construction jumped to a 15-year high, revealing a market discrepancy with high demand but a significant shortage of supply. Single-family housing starts dropped 3.9 percent to a seasonally adjusted annual rate of 1.039 million units last month, according to a report from the Commerce…
LA City Council to Consider Banning Corporations From Purchasing Affordable Single-Family Housing
November 10, 2021
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Amid the escalating housing crisis in California, the Los Angeles City Council will consider a motion Nov. 12 preventing online real estate corporations and private equity firms from purchasing affordable single-family housing as investments. The motion was introduced by Council President Nury Martinez and seconded by Councilwoman Nithya Raman, who said the housing crisis has…
Single Family Rentals on the Rise
While home ownership has always been the American dream, there are millions of families in the United States who believe home leasing is equally dreamy. In fact, the National Rental Home Council (NRHC) indicates that there are more single-family homes for rent—at 23 million—than there are apartment units at 20 million. Recent statistics from the…
The Impact of SB 9 & 10 on California’s Single-Family Home | Jim Righeimer
California recently passed two Senate bills—SB 9 and SB 10—to abolish single-family zoning and meant to help alleviate the housing crisis in California. My guest is Jim Righeimer, former mayor of Costa Mesa, California. He explains the details of SB 9 and SB 10 and gives his thoughts on California’s zoning policies. California Insider is…
Wall Street Firm Blackstone Invests $6 Billion in Single-Family Homes
Investment firm Blackstone Group acquired 17,000 single-family rental homes on Tuesday in a deal worth $6 billion. Blackstone, an asset management firm that focuses on alternative investments, acquired Home Partners of America (HPA) along with its 17,000 home inventory, the firm announced in a statement Tuesday. Blackstone will continue HPA’s business model of offering its…
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