Does the Fed rate increase mean that you should wait for lower rates to purchase a new home? Not necessarily.

Homebuilder optimism slumped in June, as did housing sales expectations, according to the National Association of Home Builders (NAHB).

The home-building industry is having the most difficult time in decades meeting demand, the sum of many pandemic complications.

Home prices rose 18.6% annually in June, up from the 16.8% increase in May, according to the S&P CoreLogic Case-Shiller home price index.

Lumber prices fell for the 10th consecutive week to trade at $536 per thousand board feet, 67% lower from their May 7 peak.