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Home sales weaken as buyers back off

Increased inventory and declining prices were not enough to seal the deal for some prospective homebuyers in September. Sales of both new and existing homes were down from August's rather lackluster performance. Although demand remains high, concerns about rising mortgage...

source: By Michael J. Berens
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In its monthly analysis of the Central Texas real estate market, Austin Board of Realtors made a desperate plea to city leaders: build more housing. In the new report, released Sept. 17, ABOR implored the City of Austin to...

source: Culture Map Austin

The Federal Reserve reduced the key, short-term federal funds rate by 25 basis points to a top rate of 2% at the conclusion of its September Federal Open Market Committee (FOMC) meeting. This was the second cut in 2019, partially reversing a set of increases enacted in 2018....

source: Eye On Housing

Labor shortages in the U.S. are helping to push up cost inflation there at a rate of 4%, according to the latest North American market analysis by U.K.-headquartered consultancy, Mace. The company said momentum waned in the U.S. construction industry in the second quarter...

source: Global Construction Review

Total housing starts posted a 12.3% increase in August (1.364 million units) compared to an upwardly revised July estimate of 1.215 million units, according to the joint data release from the Census Bureau and HUD. Relative to August 2018, total starts are 6.6% above the...

source: Eye On Housing

Building codes are where they need to be when it comes to resilience against natural disasters, according to a new report commissioned by the NAHB. Home builders can have a complicated relationship with codes: Excessive regulations can make homes too expensive to build,...

source: Builder

The Texas Senator's debate skills were on full display at a Monitor Breakfast as he waxed on about his home state's "shifting political identity" and his plans to run for president again in 2024.

source: The Christian Science Monitor


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