Housing

The government has proposed further reducing the number of ‘non-Western’ residents allowed to live in some areas.

Home sales have jumped in the past year, driven by a desire for space among those fortunate enough to keep their jobs.

The move comes as surging property prices keep homes out of reach of first-time buyers and people on lower incomes.

Record low mortgage rates, improving economy, gov’t incentives and a limited supply of homes are driving prices up.

Historically low mortgage rates in the US spurred a pandemic housing boom, which the rising cost of borrowing may cool.

Purchases of new single-family homes in the United States in January increased 4.3 percent, beating forecasts.

We gather the numbers to know from the week’s biggest economic stories so you can impress yourself and your friends.

Construction of new homes in the US still remains above pre-pandemic levels thanks to record-low mortgage rates.

More than 10 million homeowners are behind on their mortgage payments, and eviction could make the COVID crisis worse.

It will take more than stimulus aid and moratoriums to solve a housing crisis that hits Americans of colour hardest.

The median price of a single-family home soared 14.9 percent to $315,000 in the fourth quarter of 2020.

A Pew survey found a third of respondents said money troubles and joblessness are their main reasons for packing up.

Researchers at the University of Pennsylvania estimate Biden’s cheques ‘will produce only small stimulative effects’.

Home sales in the US rose to 6.48 million last year, the highest total since the peak of the housing boom.