* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, September 18, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Massive Attack Say They’ll Remove Music From Spotify – yahoo.com

    Massive Attack Announces Plans to Pull Their Music from Spotify

    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

    Gen V Season 2: What is The Odessa Project? – yahoo.com

    Gen V Season 2: Unlocking the Secrets of The Odessa Project

    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Massive Attack Say They’ll Remove Music From Spotify – yahoo.com

    Massive Attack Announces Plans to Pull Their Music from Spotify

    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

    Gen V Season 2: What is The Odessa Project? – yahoo.com

    Gen V Season 2: Unlocking the Secrets of The Odessa Project

    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Americans May Finally Have Houses to Buy

October 19, 2023
in News
Americans May Finally Have Houses to Buy
Share on FacebookShare on Twitter

More new homes were completed in September and builders began constructing more homes compared to the previous month, a silver lining for a housing market dealing with high borrowing costs and low supply.

Housing completions in September hit a little more than 1.45 million, an increase of 6.6 percent from the previous month, data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development showed on Wednesday. Single‐family housing completions were close to 1 million, a jump of 5.3 percent from August.

Housing starts, the measure that tracks the beginning of building work, also rose in September by 7 percent on the previous month, indicating that builders were prepared to invest in construction. Nevertheless, the authorization of new building permits fell 4.4 percent last month from August.

The jump in housing starts for the month was smaller than expected, said Nancy Vanden Houten, lead U.S. economist at Oxford Economics.

“Building permits, the more forward gauge of activity, declined, signaling a slower pace of housing starts in the months ahead,” she wrote in a note shared with Newsweek. “Higher mortgage rates and deteriorating homebuilder sentiment will weigh on single-family starts, although the need for inventory may provide some cushion for the downside.”

Figures for multi-family housing, which may be facing more headwinds, could deteriorate in the future.

“Builders in that sector are facing a more severe tightening of lending standards,” Vanden Houten said.

Nicole Bachaud, Zillow’s senior economist, said the rise in housing starts was a silver lining for the housing market and reflected an earlier uptick in permits.

“Housing completions have remained elevated for much of this year, providing more opportunities for buyers—often accompanied by incentives that help tip the scales of affordability in favor of buyers,” she told Newsweek.

The Federal Reserve has hiked rates to 5.25-5.5 percent, a two-decade high, pushing up borrowing costs for housing, cars and business investment.

The expensive loans have put considerable pressure on the housing market as buyers are struggling to afford mortgage rates that have inched closer to 8 percent, the highest in more than two decades, according to lender Freddie Mac.

Prices are softening slightly as summer turns to fall, but remain high as inventory is low compared to demand. The average home value in the U.S. is up more than 1 percent this year, according to Zillow.

“As high mortgage rates seem to be the norm for the time being, the housing market will remain unaffordable for many until inventory levels are back up, with new construction being a significant role in the inventory outcome,” Bachaud told Newsweek.

This may explain why mortgage applications are declining. On Wednesday, the Mortgage Bankers Association said applications for new mortgages had decreased by nearly 7 percent for the week ending October 13, 2023.

“Applications decreased to their lowest level since 1995, as the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70 percent—the highest level since November 2000,” said Joel Kan, the association’s vice president and deputy chief economist.

For Bachaud, the outlook still points for a struggle for the market.

“With permits and starts continuing to end this year on a rocky level, future new construction completions will come back down from this year’s highs and the overall housing market will remain tight,” she said.

housing market
An aerial view of a housing development in Santa Clarita, California, with houses under construction (R), pictured on September 8. The construction of new homes rose in September, according to new data.
MARIO TAMA/GETTY IMAGES

Update 10/18/23, 1:25 p.m. ET: This story has been updated to add comments from Nicole Bachaud, Zillow’s senior economist, and extra information.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Newsweek – https://www.newsweek.com/americans-may-finally-have-houses-buy-1835779

Tags: Americans’Finallynews
Previous Post

Dwarf Planet Near Mars Could Help Us Find Alien Life

Next Post

We Are 75 Israeli Progressives and Peace Activists. We Are Dismayed With the Left | Opinion

Historic chills fit in nicely at Old World Wisconsin’s Halloween special program – Milwaukee Journal Sentinel

Historic chills fit in nicely at Old World Wisconsin’s Halloween special program – Milwaukee Journal Sentinel

September 18, 2025
The Economy Is Turning Into a Black Box – The Atlantic

The Economy Is Turning Into a Black Box – The Atlantic

September 18, 2025
Massive Attack Say They’ll Remove Music From Spotify – yahoo.com

Massive Attack Announces Plans to Pull Their Music from Spotify

September 18, 2025
Ex-UC Health doctor who performed genital ultrasounds in his apartment sentenced to jail – Cincinnati Enquirer

Former UC Health Doctor Sentenced to Jail for Performing Genital Ultrasounds in His Apartment

September 18, 2025
Readers respond: Politics should avoid zero-sum game – OregonLive.com

Readers Respond: Why Politics Must Move Beyond the Zero-Sum Game

September 18, 2025
New approach improves right whale distribution models – EurekAlert!

Breakthrough Technique Boosts Precision in Mapping Right Whale Populations

September 18, 2025

Are Six-Figure Tech Careers Disappearing? Why Computer Science Graduates Are Struggling to Find Even Minimum Wage Jobs

September 18, 2025
Scientists reverse stroke damage with stem cells – ScienceDaily

Breakthrough Discovery: Scientists Successfully Reverse Stroke Damage with Stem Cells

September 18, 2025
New statewide SC lifestyle show ‘Palmetto Life Weekend’ to air on WMBF News – WMBF

Discover South Carolina’s Charm: New Lifestyle Show ‘Palmetto Life Weekend’ Premieres Statewide

September 18, 2025
China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

September 18, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (825)
  • Economy (845)
  • Entertainment (21,724)
  • General (17,108)
  • Health (9,890)
  • Lifestyle (859)
  • News (22,149)
  • People (849)
  • Politics (855)
  • Science (16,056)
  • Sports (21,344)
  • Technology (15,827)
  • World (829)

Recent News

Historic chills fit in nicely at Old World Wisconsin’s Halloween special program – Milwaukee Journal Sentinel

Historic chills fit in nicely at Old World Wisconsin’s Halloween special program – Milwaukee Journal Sentinel

September 18, 2025
The Economy Is Turning Into a Black Box – The Atlantic

The Economy Is Turning Into a Black Box – The Atlantic

September 18, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version