HeyJaredMichael Sasso
- Indexed articles, last 90 days
- 11
- Latest publication
- Sep 17, 2026
- Outlet visibility, for National Mortgage News
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- Jul 9, 2026
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US housing starts drop unexpectedly on multifamily projects (opens the original)
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New U.S. residential construction declined unexpectedly in August to one of the weakest paces since the pandemic, reflecting a plunge in starts of multifamily projects. Housing starts decreased 2.6% to an annualized rate of 1.28 million, according to federal government data released Thursday. The median forecast in a Bloomberg survey of economists was a 1.32 million pace. Starts of multifamily projects decreased nearly 22%. Single-family home construction rose 7.6% to an annualized 918,000, the
Pending-home sales unexpectedly tick up despite high rates (opens the original)
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Pending sales of existing U.S. homes picked up slightly in August, though they remained subdued as high mortgage rates continue to suppress demand. An index of contract signings increased 0.3% to 71.2 last month, rising for the first time since May, according to National Association of Realtors data released Thursday. Economists surveyed by Bloomberg expected the index to fall by 0.1%. "Buyers steadily entered into contracts in August even though mortgage rates increased," NAR Chief Economist La
US builder sentiment drops to match lowest level since 2022 (opens the original)
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Confidence among U.S. homebuilders this month tumbled to the lowest level in a year, as mortgage rates near 7%, worker shortages and higher materials costs weaken hopes for the nation's stagnant housing market. The Housing Market Index from the National Association of Home Builders and Wells Fargo fell 3 points to 32, the worst reading since September 2025 and matching the lowest since late 2022. It was also below the 34 median estimate in a Bloomberg survey of economists. A reading below 50 ind
Existing home sales slide to weakest in more than a year (opens the original)
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Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year, as would-be buyers waited for relief on mortgage rates before purchasing. Contract closings slipped 2% to an annualized rate of 3.98 million in August, data released Thursday by the National Association of Realtors showed. Last month marked one of only two times since the fall of 2024 that sales have dipped below 4 million. READ MORE: Wholesale rate sheets reprice higher on bond turmoil: what t
Pending home sales slide to weakest since start of year (opens the original)
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Pending sales of previously owned US homes dropped in July to the weakest since the start of the year, illustrating a housing market plagued by elevated mortgage rates and prices. An index of contract signings decreased 2.3% to 71.2, the lowest since January and matching the second-worst reading in data back to 2001, according to National Association of Realtors data released Tuesday. The median estimate of economists surveyed by Bloomberg projected no change in July pending sales. READ MORE: Nu
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