AGP Executive Report
Last update: 36 minutes agoHousing Affordability: High costs helped define the midterm vote, as Democrats won control of Congress. The U.S. market is also showing strain: buyer demand hit a record low, home prices fell for the first time in three years, and mortgage costs remain high. Yet sellers are mostly staying on the market rather than pulling listings. Institutional Investors: Treasury proposed rules clarifying exceptions to a coming ban on large investors buying single-family homes, including build-to-rent projects. Comments are due Nov. 23, ahead of the ban’s Jan. 7, 2027, start date. Construction: U.S. construction spending fell 1.9% in September, with homebuilding weighed down by mortgage rates. Data center investment continued to support nonresidential construction.
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