The all-important spring housing market is well underway, but expectations are falling short due to the war in Iran and its impact on both the U.S. economy and consumer sentiment. Mortgage rates, which were previously forecast to be far lower this spring than last, are now much higher, and concerns over employment and inflation are throwing cold water on pent-up homebuyer demand. Buyers in the first quarter of this year were more concerned about the economy and mortgage rate

This chart shows construction put in place still sitting near historic highs but the growth rate has collapsed and turned negative. In plain English: projects are finishing, but new ones aren’t replacing them. Momentum broke before the headlines did.Here ’s the tension most investors are missing:Construction dollars stayed high because 2021–2022 projects were already financed.But YoY growth going negative tells us the pipeline behind today’s deliveries is thinning fast.Rent

The Trump administration is considering a 50-year mortgage, and not just the traditional 30-year term, a potential “game changer” for the housing market, Federal Housing Finance Agency Director Bill Pulte announced. The 50-year mortgage could be a boon to families looking to buy with soaring housing costs. It would lower their monthly payments significantly - but would make payments for two decades longer than the standard 30-year term. Nearly all — 93 percent of Americans —