Southern California construction spending declined in June as elevated borrowing costs continued to slow residential development across the region. The latest figures from the U.S. Census Bureau point to a cautious construction market that could limit future housing supply while demand for homes remains steady. Construction spending reached a seasonally adjusted annual rate of $2.17…

Southern California housing inventory remains constrained despite a slower housing market, helping support home prices even as mortgage rates continue to hover near 7%. The latest data from the California Association of Realtors suggests the region remains competitive because the supply of available homes has not kept pace with buyer demand. Communities across the San…

California’s new home market continued to show signs of weakness in June, even as sales across the nation posted a modest rebound. New figures indicate the Western United States recorded its slowest pace of new home sales in more than a decade, reflecting ongoing affordability challenges and cautious consumer demand. Nationally, sales of newly constructed…

California’s housing market showed broad signs of cooling during the week ending July 25, according to new data from the California Association of Realtors. The latest snapshot points to slower sales activity, fewer new listings, and continued inventory challenges across much of the state. The report found that closed sales averaged 462 transactions per day,…

Foreclosure activity increased across the United States in June compared with a year ago, though filings remain well below levels seen before the COVID-19 pandemic. The latest data suggest that higher housing costs continue to strain some homeowners, while strong equity positions and tighter lending standards continue to prevent a broader wave of defaults. According…

California Home Sales Slow as statewide housing activity weakened during the week ending July 18, with fewer homes changing hands, fewer new listings entering the market and every major region reporting lower sales, according to the California Association of REALTORS. The association’s weekly market report found declines in closed sales, pending sales and new listings…

California Home Prices Hold Above $900,000 as the state’s housing market continued demonstrating resilience in June, supported by limited inventory and steady buyer demand despite elevated mortgage rates and ongoing affordability challenges. The California Association of REALTORS reported the statewide median home price dipped 2.8% from May’s record high but remained above the $900,000 mark…

Homebuilding Rebounds As June housing construction posted a stronger-than-expected performance, driven by a sharp increase in multifamily projects that could help expand the nation’s housing supply in the months ahead. New data released by the U.S. Census Bureau and the Department of Housing and Urban Development showed total housing starts exceeded economists’ expectations, even as…

A landmark federal housing package aimed at increasing housing supply and improving affordability officially became law over the weekend. The Housing Affordability Bill marks the most significant overhaul of federal housing policy in decades after President Donald Trump allowed the legislation to become law without signing or vetoing it. Known as the 21st Century ROAD…

Home Sales Expected is becoming a more common outlook among housing analysts as new mortgage data points to renewed buyer activity. Despite a slower-than-expected first half of 2026, recent mortgage application trends suggest home sales could gain momentum during the coming months. According to Optimal Blue’s June 2026 Market Advantage report, total mortgage rate-lock volume…