Mid America Mortgage Blog

Housing starts increased in October, but future construction may slow

home builder constructing a wooden frame

U.S. housing starts got a boost in October, thanks to a multifamily construction comeback. However, underlying data indicates the improvement may not last. According to the Commerce Department, housing starts increased 1.5 percent in October compared to the previous month to a seasonally adjusted annual rate of 1.228 million. This information was recently reported by realtor.com’s Sarah Chaney. Housing Starts Up Thanks To Multi-Family Construction The growth is being attributed to the rebound in construction of housing structures with two or more living units, i.e. duplexes, condominiums, townhomes, etc. For single-family homes, construction dropped in October when compared to the

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Number of Homes for Sale Increased in October

For the first time in four years, the number of U.S. homes for sale has increased. The inventory of homes for sale went up 2 percent in October, compared with the same month last year. Could this be a sign that the housing market is finally balancing out? A lack of available homes for sale has been an issue in the U.S. for quite some time, leading to price jumps and bidding wars while keeping a growing population of younger buyers out of the market. While this most recent change could signal a much-needed improvement, experts say it could take

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How Has The Housing Market Changed Since the Crash?

house on chart showing decrease in statistics

It has been 10 years since the housing market crash and financial downturn of 2008. A lot has changed since then, fortunately for the better. In today’s post we will explore the changes and help shed some light on a few misconceptions regarding the market’s current state.

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