Trump Urges House to Ban Wall Street Home Purchases
Trump calls on the House to pass the Senate housing bill to “ban large Wall Street investment firms from buying up single-family homes” https://t.co/IEtK3HWA3s
Resale Home Turnover Stagnates, April Sales at 354K
Resale turnover remains at constrained levels—which has been the case since mid 2022 U.S. existing home sales came in at 354K for April 2026. The seasonally adjusted annual rate (SAAR) came in at 4.02 million. Table via @ResidentialClub https://t.co/fL8Q7gnQy3
Mortgage Spread Shrinks by 95 Basis Points Since 2023
The peak monthly mortgage spread was in June 2023 June 2023 👇 Avg. 30-year fixed mortgage rate: 6.71% 10-year Treasury yield: 3.75% Spread: 296 bps April 2026 Avg. 30-year fixed mortgage rate: 6.33% 10-year Treasury yield: 4.32% Spread: 201 bps https://t.co/fPMRjUo1EE
AI Boom Shifts: SF Prices Surge, Oakland Buyers Gain
The Bay Area housing market LEFT: Home price shift between spring 2024 to spring 2025 RIGHT: Home price shift between spring 2025 to spring 2026 Spillover from the AI Boom into housing was a little stronger a year ago in San Jose than...
Over 40% of U.S. Homes Mortgage‑free, Rural Areas Top 60%
Nationally, around 40% of owner-occupied homes are mortgage-free. In some rural pockets of the country, that mortgage-free share exceeds 50%. In some places, it’s even above 60%. via ResiClub Terminal
New‑build Inventory Growth Halts After Incentive Spree
Homebuilders spent much of the past year upping incentives, cutting specs, and slowing starts in the weakest Sun Belt markets Now... at least for the time being... unsold completed new-build inventory has stopped surging My latest for @ResidentialClub: https://t.co/qDagkyvXFR
Florida Ends 13‑month Home Price Decline, Now Positive
Florida's 13-month streak of negative year-over-year single-family home prices just came to an end, with the latest Freddie Mac House Price Index posting a slightly positive reading This repeat-sales filters out mix-shift noise. Condos are NOT included. via ResiClub Terminal
Northeast Sellers Still Ahead, yet Losing Edge
Relatively speaking, home sellers in Northeast housing markets have more power than their peers in the Sun Belt That said, they've lost a little leverage over the past year LEFT: YoY home price shift from spring '24 to spring '25 RIGHT: YoY shift...
Housing Distress Peaked at 11.5% in 2009, Now Low
ResiClub's housing distress calculation includes mortgages that are 30 to 89 days past due, 90 to 180 days past due, in foreclosure, or in forbearance: Q4 2007 --> 6.3% Q4 2009 --> 11.5% Q4 2021 --> 1.7% Q4 2025 --> 2.9% Chart via @ResidentialClub
President Opposes Bill Forcing Mega‑Landlords To Sell Rental Homes
Politico: “The president doesn’t support language in the bill that would require mega-landlords to sell single-family homes built as long-term rentals after seven years, the people said.” https://t.co/FBGYezAdJV
Meritage Homes' Prices Slip 5% YoY, 16% Since 2022
-5.0% --> year-over-year shift in giant homebuilder Meritage Homes' average selling price -16.2% --> shift in giant homebuilder Meritage Homes' average selling price since its first-quarter peak in Q1 2022
Meritage Flags Austin, Florida, Charlotte as Tough Markets
Homebuilder Meritage Homes: 'Austin, parts of Florida and Charlotte continue to be tougher selling environments' 6 main takeaways from the latest earnings by Meritage Homes—a giant homebuilder ranked No. 554 on the Fortune 1000 (ResiClub PRO report): https://t.co/Ig44Hbdkfk
Housing Inventory Shrinks Year‑over‑year, Accelerating Sharply
LEFT: YoY active housing inventory shift between April 2024 and April 2025 RIGHT: YoY active housing inventory shift between April 2025 and April 2026
Housing Inventory Rebounds, Nearing 2018 Levels by 2026
Active housing inventory by April: April 2018 -> 1,102,064 📉 April 2019 -> 1,137,198 📈 April 2020 -> 941,733 📉 April 2021 -> 435,663 📉 April 2022 -> 379,978 📉 April 2023 -> 562,966 📈 April 2024 -> 734,318 📈 April 2025 -> 959,251 📈 April 2026 ->...
Southside Atlanta Home Prices Decline Since 2022 Peak
Atlanta’s Southside correction pocket The map below shows home price shift since that Atlanta area ZIP Code's 2022 peak via ResiClub Terminal
Texas Leads Biggest Home Price Drops Among Top Counties
Chart: Among the nation's 500 largest counties, these 50 have seen the biggest home price decline since their local 2022 peak price -26.0% -> Travis County, TX -24.6% -> Williamson County, TX -24.1% -> Hays County, TX -23.9% -> Charlotte County, FL
Mortgage Rates Jump to 6.38%—survey Your Tolerance
4.40% --> average mortgage rate on all outstanding U.S. mortgages: 6.38% --> average mortgage rate today Homeowners: What’s the highest mortgage rate you’d accept on your next home purchase? Take our annual Housing Sentiment Survey here: https://t.co/t2Yn9pawIo
PulteGroup Hikes Incentives to 10.9%, $54.5K Bonus
Homebuilder PulteGroup pushes housing market incentives to 10.9%—that’s $54,500 on a $500,000 sale PulteGroup notes that its historically “normal” incentive range is between 3.0% and 3.5% Chart via @ResidentialClub
PulteGroup's Orders Reveal K‑Shaped Housing Market
K-shaped housing market is showing up directly in giant homebuilder PulteGroup's order book "Economic reports talk to the K-shaped economy... We saw this play out again in our first quarter results" - @pultehome CEO Ryan Marshall said on their earnings call
Metro Home Prices Diverge: Winners and Losers Nationwide
Chart: Year-over-year shift in home prices across the 50 largest metro area housing markets Where do you think home prices in your local housing market head next? Take the @_TurboHome-ResiClub Housing Sentiment Survey: https://t.co/x319m6NQxc
Mortgage Rates Dip, Spread Widens to 202 Bps
The average 30-year fixed mortgage rate today: 6.38% Same day last year: 6.82% -------------------- 10-year Treasury yield today: 4.36% Spread today: 202 bps
U.S. Home Prices Edge Higher, Up 0.7
U.S. single-family home prices rose 0.3% month-over-month without seasonal adjustment between the January 2026 to February 2026 print Year-over-year: +0.7% Since March 2020: +52.1% Since 2022's peak: +6.2% Table via @ResidentialClub https://t.co/swLLdluSbF
Florida Housing Correction Softening in Multiple Regions
The intensity of Florida’s housing market correction is easing across many pockets of the state My latest for @ResidentialClub https://t.co/4ORe8qnyC1
Bipartisan Lawmakers Oppose Rule Threatening Build-to-Rent Production
76 lawmakers push back on 7-year selloff rule that "would effectively halt the production of Build-to-Rent" The letter is signed by 38 Republican representatives and 38 Democratic representatives My latest for @ResidentialClub: https://t.co/nYzn6wIhud
Japanese Investors Surge to 5% of U.S. Homebuilders
Japan’s growing ownership of U.S. homebuilders, as told by one chart According to Zonda, in 2015, Japanese owned builders had around 0.2% of the market—by 2025, that figure had risen to 4.8%. It'll soon be higher. My latest for ResiClub: https://t.co/oO9GdezI2v
Institutional Homebuying Ban's Effect Tied to 7-Year Rule
D.R. Horton: Impact of institutional homebuying ban hinges on 7-year selloff rule During the Tuesday earnings call, Alan Ratner at Zelman and Associates asked how an institutional homebuying “ban” could impact D.R. Horton’s business? D.R. Horton CEO's response 👇
D.R. Horton Boosts Incentives, Cuts Margins to 10% Revenue
D.R. Horton compressed margins to offer bigger Q2 2026 incentives "Our sales incentives increased during the second quarter, and we expect incentives to remain elevated for the rest of the year... incentives as a % of revenue is roughly 10%" -D.R....
Austin Leads 2026 Resale Housing Price Decline
The Austin, TX metro area is the epicenter of resale housing market weakness in 2026 On a seasonally adjusted basis, the Austin, TX metro just saw the biggest month-over-month home price decline in the country via ResiClub Terminal
D.R. Horton Cuts Unsold Inventory 35% YoY
D.R. Horton is quickly shrinking its pileup of unsold completed inventory "Unsold homes are down 25% from December and 35% from a year ago" - Paul Romanowski, CEO of @DRHorton said during their April 21, 2026 earnings call Chart via @ResidentialClub
Mortgage Rates Peaked 2024, Now Easing Toward 2026
The average 30-year fixed mortgage rate on April 22, by year 4.58% -> April 22, 2018 4.35% -> April 22, 2019 3.43% -> April 22, 2020 3.14% -> April 22, 2021 5.38% -> April 22, 2022 6.66% -> April 22, 2023 7.43% -> April 22, 2024 6.98% ->...
Toll Brothers Acquires Buffington Homes to Enter Bentonville
Toll Brothers—a giant homebuilder ranked No. 390 on the Fortune 500—expands into fast-growing Bentonville @tollbrothers announced on Tuesday it's buying Buffington Homes in Arkansas Why Bentonville? Read more here: https://t.co/bEZYdQ9Si6
National Vacancy Rates Surpass 2019, Sun Belt Rentals Cool
The national vacancy rate is now above pre-pandemic 2019 levels Just as in the for-sale market, Sun Belt boomtowns have been experiencing the biggest cyclical rental cooldowns Chart via @ResidentialClub
Mortgage Rates Drop 0.57% YoY, Spread Widens
The average 30-year fixed mortgage rate today: 6.30% Same day last year: 6.87% --------------- 10-year Treasury yield: 4.26 Spread today: 204 bps
Brad Jacobs' QXO to Buy TopBuild for $17B
AND THERE IT IS Billionaire Brad Jacobs’ rapidly expanding building materials juggernaut QXO to acquire TopBuild for $17 billion My latest for ResiClub: https://t.co/50zdmgx9X9
Senate Bill Lets Institutions Buy Fixer‑Uppers With 15% Repair Spend
Institutional investors could still buy single-family homes needing major repairs under the Senate housing bill—will they? It still allows institutional SFH resale acquisitions if they spend >15.0% of purchase price spent on repairs ResiClub PRO https://t.co/Xk3ZCcdQcW
Fannie Mae Predicts Steady 6.1% Mortgage Rates Through 2027
#NEW Fannie Mae's revised forecast expects the 30-year fixed mortgage rate to average... 6.2% in Q3 2026 6.1% in Q4 2026 6.1% in Q1 2027 6.1% in Q2 2027 6.1% in Q3 2027 6.1% in Q4 2027 https://t.co/AhH8SZ64tC
Beazer Homes Faces $140K California Fee per Home
$140,000. That’s how much @BeazerHomes CEO Allan Merrill tells ResiClub the homebuilder is paying in government fees in California per new-build home
Milwaukee Leads Home Price Gains; Austin Trails Losses
#NEW Home price shifts across America's 50 largest metro area housing markets Tightest: Milwaukee, WI (+5.7% YoY) Weakest: Austin, TX (-5.9% YoY) MoM = Month-over-month YoY = Year-over-year Without seasonal adjustment Analysis via @ResidentialClub https://t.co/Q58oWthGbA
U.S. Home Prices Continue Steady Gains, Up 0.6% MoM
U.S. home prices, as measured by the Zillow Home Value Index, rose +0.6% month-over-month between the February 2026 and March 2026 Year-over-year: +0.8% Since 2022's peak: +2.2% Since March 2020: +44.1% Table via @ResidentialClub https://t.co/HanulIqzx2
Investors Overpay, Then Face Massive Price Cuts
sometimes you look through these properties on Zillow with multiple price cuts and think, "What the hell was the investor thinking?" https://t.co/FiHe8auq7l
Deep Dive Into U.S. Single‑Family Housing Market Trends
Last week, @WellsFargo had me give a presentation on the U.S. single-family housing market and homebuilding for their institutional clients If you'd like to see the 34-chart slideshow, email lance@resiclubanalytics.com https://t.co/Lmcesf5ymB
Goldman Predicts Modest 2026 Price Rise, Many Regions Fall
Goldman Sachs' latest forecast expects U.S. single-family home prices, as measured by Case-Shiller, to rise +0.7% in calendar year 2026 In that type of environment, around 35%-45% of regional housing market post outright annual nominal declines https://t.co/D37QmxUgc9
Homebuilders Bet on Growth Markets Amid Housing Volatility
Despite housing market choppiness why giant homebuilders are sticking long-term with growth markets There's a strong relationship between population growth & single-family permitting. High building activity is largely concentrated in growth markets https://t.co/zwEuUTYf0H
30‑
The average 30-year fixed mortgage rate today: 6.41% Same day last year: 7.07% --------------------- 10-year Treasury yield today: 4.31% Spread today: 210 bps
Resale Turnover Stays Tight Amid Slowing Sales
U.S. existing home sales by month Resale turnover remains constrained This is the raw adjusted data Table via @ResidentialClub https://t.co/5kA7jnxkLh
Housing Market Split: Hartford 11 Days, Austin 82
The current housing market bifurcation, as told by median days to pending The typical home listed for sale in the Hartford, CT metro area goes pending in 11 days, compared to 82 days in the Austin, TX metro area Our latest ResiClub...
Asheville Housing Enters Rare Market Correction
The metro area Asheville, N.C. housing market remains in correction-mode Historically speaking, corrections are rare in the Asheville, N.C. market This is only Asheville's second correction since 1975. The other being 2008-2011 via ResiClub Terminal
Columbus Core Home Prices Surge Year‑over‑year
LEFT: Year-over-year home price change in the core of Columbus, OH in spring 2025 RIGHT: Year-over-year home price change in the core of Columbus, OH in spring 2026 via ResiClub Terminal https://t.co/Poj3BM9z1y
KB Home Flips Focus: Arizona Now Outpaces LA
KB Home—a giant homebuilder ranked No. 526 on the Fortune 1000—to move its headquarters from L.A. to Arizona Back in 2012, @kbhome did almost 4 times as much homebuilding in Los Angeles County as in Maricopa County Now, it does nearly 8...
FHA Delinquency Spike Mostly Reporting Artifact, Not Borrower Weakness
New paper argues that 92% of the increase in FHA mortgage delinquencies between Sept. 2025 and Jan. 2026 "is driven by how an FHA policy change is reported rather than increasing financial fragility among FHA borrowers" https://t.co/uRxP5BtOQO