Housing

Monday's trading: 5 things to know

Construction sentiment expected to show while conditions are good, rising costs, higher input prices and inventories affecting homebuilders

Housing market goes from bad to worse

The U.S. housing market is getting battered by rising interest rates and sky-high prices, as housing starts and builder confidence continue to decline.

Mortgage rates jump, reaching 5.23%

American homeowners continue to feel the pinch as the 30-year fixed-rate mortgage rate rose this week, averaging 5.23% as of Thursday. Rates hadn't exceeded 5% in over a decade.

New home sales plunge nearly 17% in April

The Census Bureau reported that the median sales price of new homes hit $450,600 last month. With interest rates now upward of 5%, the rising cost of homeownership is pricing more would-be buyers out of the market.