By the Numbers

Housing starts rise in December on strong multifamily sector

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Inflation worries sap builder confidence in January

“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.” — NAHB Chairman Chuck Fowke

Boston’s cost of living expenses grew significantly over the past decade

The cost of living has risen across the nation, but some U.S. metros have experienced particularly significant increases.

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association associate vice president of economic and industry forecasting Joel Kan

Mortgage applications fall during last two weeks of 2021

At the same time, the average 30-year fixed-rate mortgage rose to 3.33%, its highest level since April 2021, the Mortgage Bankers Association said.

Boston Housing Scorecard: Housing starts, inventory both plummet in December

Nationally, interest rates rose as builder confidence fell.

S&P CoreLogic Case-Shiller: Boston home prices continue their climb 

Nationally, housing prices were also on the rise, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. 

Pending-home sales return to negative territory in November

“There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices,” National Association of REALTORS® chief economist Lawrence Yun said.

New-home sales soar 12.4% in November

The median sales price of new homes hit a new high of $416,900.

NAR: Existing-home sales post third monthly gain in a row

The median existing-home sales price for all housing types rose again on an annual basis, marking 117 consecutive months of gains.

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