Commenting on a recent drop in new-home sales, mortgage applications, and slowing home price increases, Goldman Sachs analysts are reporting that America's housing market has hit “a pothole.”
A number of housing indicators seem to point to a slowing market, reports Ruth Mantell. "While residential investment will continue to add to economic growth, its contribution to gross domestic product is likely to narrow this quarter, with rising rates creating a downside risk for the housing sector’s outlook, according to Goldman’s Kris Dawsey and Marty Young."
"Data released Tuesday morning showed home prices continued to rise in June, but at a slower pace, echoing other reports showing a softening market. Last week, the government reported that sales of new homes in July fell 13.4%, slumping to the slowest annual pace since October, on drops across the country. Between early May and the end of July, mortgage rates increased about one point. Goldman had expected that a one-point mortgage-rate shock would only curb annual sales by about 7%."
FULL STORY: Goldman Sachs says housing has hit ‘a pothole’
Home Prices, Demand on Downward Trajectory
The once-overheated housing market continues to cool as rising interest rates reduce demand.
Zillow's 'iBuying' Algorithms Overpaid For Homes
After investing more than $1 billion in buying homes over the last few years, Zillow has ended its 'iBuying' experiment as anticipated profits fail to materialize.
Seven Charts Highlight the Strangeness of the Housing Market
The unique conditions created during the last few years have upended the U.S. housing market and led to some unusual trends.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
The Five Most-Changed American Cities
A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.
San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.
Housing, Supportive Service Providers Brace for Federal Cuts
Organizations that provide housing assistance are tightening their purse strings and making plans for maintaining operations if federal funding dries up.
Op-Ed: Why an Effective Passenger Rail Network Needs Government Involvement
An outdated rail network that privileges freight won’t be fixed by privatizing Amtrak.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions