Fed Holds Rates, Dot Plot Signals Future Tightening
The Fed held rates, but the dot plot did the tightening. Higher inflation forecasts, a higher rate path, and half the Committee now anticipating hikes this year. https://t.co/lvVoQ3sU4b
April Starts Dip, Permits Beat Forecasts on Multifamily
April housing starts pulled back after March’s rebound, but both starts and permits still outpaced expectations. Builders remain cautious: much of the permit strength came from multifamily, while single-family permits fell to their lowest level since last summer. https://t.co/GNc0c53IJI
New‑home Sales Surge as Prices Hit 2021 Low
New home sales beat expectations, jumping to a 682,000 annualized pace in March. A new home at the right price is finding a buyer. Median new home prices fell to their lowest since 2021—below existing home prices—helping support sales as...
CRE Loans Shift From Extensions to Resolution Strategies
Fewer CRE loans are being extended, and more are moving toward resolution, whether through refinancing, asset sales, restructurings, or defaults. For CRE borrowers, the era of ‘extend and pretend’ is giving way to ‘resolve or reset.’ More in the blog: https://t.co/5Y55rpYdTU https://t.co/DEu6UC6bXE
Sub‑6% Mortgage Rates Hit Lowest Since 2015
Q4 2025 NMDB data reveals that 78% of mortgaged homes have a rate below 6%, that's down from the peak of 93% in Q2 2022. The share of mortgaged homes with a rate below 6% is the lowest since 2015....
New Home Share Still High, Gradually Normalizing
New home share of total inventory remains historically elevated, but is moving back toward normal. https://t.co/fgRMXqrkuk
January New‑home Sales Plunge to Lowest Since 2022
Temporary Freeze or Deeper Chill? New home sales fell sharply in January to 587K (vs. 722K expected), marking the slowest pace since Oct 2022 and the steepest monthly drop since 2013. https://t.co/W9Fwrwtvjb
Housing Market Shows Fragile Early Green Shoots
Spoke with @SchwabNetwork about the outlook for the housing market. Some fragile green shoots are beginning to emerge. https://t.co/AnXqQAj4mN
Housing Starts Beat Forecast, Yet Momentum Questioned
Housing starts surprised to the upside in the latest report, rising to a 1.487 million SAAR and coming in above consensus expectations. On the surface, the headline suggests renewed momentum in residential construction. However... https://t.co/1r862BDOdv
Housing Affordability Improves, Yet Outlook Remains Fragile
Joined @SchwabNetwork to discuss the spring housing outlook. Affordability is improving, rates are lower than a year ago, and pent-up demand is real. But a low-hire, low-fire labor market and geopolitical uncertainty keep the outlook fragile. I'm still cautiously optimistic.