EconomyOfficialReported
US mortgage rates hit highest level since May 2025
Applications for mortgages fell 4.1% as borrowing costs rose amid elevated inflation and energy prices.
· 1 min read
Tagged “housing”
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EconomyReported
Resolution Foundation Warns of ‘Cost of Housing’ Crunch for Low-Income Renters
Thinktank urges chancellor to end freeze on housing allowance as more than a million families face rising rent shortfalls
· 1 min read
CultureReported
Guardian Cartoon Highlights Struggles of First-Time Homebuyers
An editorial cartoon by Stephen Ashman, published in The Guardian's opinion section, addresses the challenges facing people trying to buy their first home.
· 1 min read
EconomyReported
Mortgage demand drops 19% as rates hit highest level since early 2025
Homebuyer mortgage applications have fallen sharply amid a surge in interest rates, according to market data.
· 1 min read
AI &Reported
Construction Robots Aid US Homebuilding as Housing Shortage Persists, Report Says
A CNBC report says automation is being used to address labor and inventory shortfalls in home construction, though fully autonomous, humanoid-style builders remain far off.
· 1 min read
PoliticsReported
Rayner Says 'Slim Chance' of Meeting 1.5 Million New Homes Target
Housing Secretary Angela Rayner told the BBC that rising construction costs and the conflict involving Iran are threatening the government's key manifesto pledge on housing.
· 1 min read
PoliticsReported
Burnham Says Ending Rough Sleeping 'Not Just a Housing Issue'
Greater Manchester Mayor Andy Burnham has set a goal to help people off the streets by Christmas, while acknowledging the scale of the challenge.
· 1 min read
PoliticsReported
Minister Says 'Slim Chance' of Meeting 1.5 Million Homes Target
Communities secretary Angela Rayner acknowledges the government's manifesto pledge on housebuilding is unlikely to be met before the next election, but insists it is not being abandoned.
· 1 min read
EconomyReported
Young Australian homeowners say falling prices worth the pain for broader affordability
Some recent buyers express willingness to absorb losses if housing weakness improves access for others.
· 1 min read
PoliticsReported
NSW government paid to send homeless man to New Zealand rather than offer housing
The New South Wales government funded a homeless man's return to New Zealand instead of providing temporary accommodation, according to reports.
· 1 min read
EconomyReported
Demand for adjustable-rate mortgages rises as rates climb
Borrowers are increasingly turning to adjustable-rate mortgages as traditional mortgage rates continue to rise.
· 1 min read
BusinessReported
England's Housing Courts Overwhelmed as Landlords Issue No-Fault Evictions
Courts report being 'overloaded' with eviction cases as tenants struggle to find alternative housing.
· 1 min read
BusinessReported
More Funding Needed to Boost Construction Jobs for Young People, Housing Boss Says
A housing industry leader has called for increased funding to create construction jobs for young people, citing analysis showing the sector needs thousands more workers annually to meet demand.
· 1 min read
EconomyReported
Major UK lenders raise mortgage rates, dashing borrower expectations
Major lenders have increased rates on new mortgage deals in recent days, forcing borrowers to make immediate decisions.
· 1 min read