National News

Builder confidence reaches record high in August

The National Association of Home Builders/Wells Fargo Housing Market Index is looking good, but could lumber prices stall the growth?

NAHB to President Trump: Skyrocketing lumber prices threaten the economy

With lumber prices through the roof, the NAHB is asking the federal government to step in and help.

Unemployment drops again, but long road to recovery remains

Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.

Foreign homebuying drops 5%

Foreign investors have taken pause when it comes to buying U.S. residential real estate, but better opportunities may be around the corner, according to the National Association of Realtors.

Economists predict rally after deep Q2 dive

The U.S. economy suffered a titanic plunge in the second quarter, although economic activity is expected to increase in the third quarter.

Report finds rise in consumer finance complaints during pandemic

LendEDU finds 44% increase in complaints compared to previous year

Two months in a row for improved pending home sales

Contract activity up over last year “remarkable,” according to NAR chief economist.

Consumer confidence takes hit from COVID-19 resurgence

Optimism is waning across the country, especially in states where the coronavirus is spiking, according to a new report.

1031 exchanges back on the chopping block in 2020 election

As the presidential election season moves into full swing, a popular tax mechanism for real estate investors has found its way into the crosshairs.

The new pandemic escapism is online home shopping

Now might be a good time for brokers to make sure their online assets are in order, according to a new report from Today.

NAHB pushes expanded relief to address housing priorities

In a letter sent to Congress, the National Association of Home Builders recently called for an expansion of the Paycheck Protection Program, rental assistance and other measures to rebuild the economy through support for the housing industry.

New guide helps community associations navigate reopening during COVID-19

The Community Associations Institute has released detailed safety guidelines for homeowner associations grappling with how to reopen amidst pandemic concerns.

It’s a seller’s market, according to HomeLight report

Nearly half of all agents report their business was growing in June, according to a new HomeLight report.

Is real estate recovering? Most Realtors say yes

Nearly a third of NAR members told the association they’re prepared for a second wave of the novel coronavirus.

Unemployment fell in June, but coronavirus setbacks in some states may slow rebound

The Bureau of Labor Statistics reports a drop in unemployment claims in June, as the country added nearly five million jobs. But economists warn a rebound in coronavirus cases could result in another labor shock.

New construction sales numbers rose 16.6% in May, amid growing builder sentiment

Despite record-breaking unemployment, sales of newly built single-family homes rose in May, as builders rushed to meet pent-up demand and flight to suburbs.

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