Housing

The Stockton City Council voted to issue multifamily housing revenue bonds.

Green bonds and sustainable offerings are on tap this week as several sales are set to hit the market. Buyers are expected to snap up the paper that aims to fund clean water, school and housing initiatives.

Pending home sales declined 1.0% to an index reading of 101.9 in February, after a revised 4.3% gain to 102.9 in January, according to a report released Thursday by the National Association of Realtors.

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

The pace of existing home sales jumped by 11.8% to a 5.51 million annual rate in February, well above the 5.10 million rate expected.

Builders’ confidence in the market for new single-family homes was steady but affordability issues still vex the market.

Sales of new U.S. homes in January fell to the weakest pace since October, driven by a decline in the Midwest as still-elevated prices keep buyers on the sidelines.

U.S. new-home construction rebounded by more than expected in January amid strength in single-family starts and a nine-month high for permits, signaling the market is stabilizing thanks to lower mortgage rates.

Lower mortgage rates and more-affordable properties offered some relief for buyers.

U.S. construction spending posted the smallest annual increase since 2011 as homebuilding slowed amid higher borrowing costs and a glut of apartments in some areas.

Pending home sales rebounded 4.6% to an index reading of 103.2 in January, after a revised 2.3% decline to 98.7 in December.

U.S. new-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets.

Existing home sales were down 1.2% to a seasonally adjusted 4.94 million-unit rate in January.

Builders’ confidence in the market for new single-family homes grew as the National Association of Home Builders' housing market index climbed to 62 in February from 58 in January.

Pending home sales dropped 2.2% to an index reading of 99.0 in December, after a revised 0.9% decline to 101.2 in November.

Home prices in 20 U.S. cities slowed in November for an eighth consecutive month, extending the longest streak since 2014, as affordability issues remain.

California's Governor and San Diego's mayor launch separate efforts to combat housing crisis

Builders’ confidence in the market for new single-family homes grew as the National Association of Home Builders' housing market index rebounded to 58 in January from 56 in December.

Affordable housing got a boost this week when the City Council approved tax-exempt financing for a commercial real estate firm's purchase and renovation of a large apartment complex on the city's western edge.

Pending home sales dropped 0.7% to an index reading of 101.4 in November, after an unrevised 2.6% decline to 102.1 in October.