What Happened With Housing?

Every summary we've sent on Housing since January 1, 2025, newest first, each linked to its source. Each brief goes up here 14 days after our readers get it by text the morning it happens. Get today's brief here.

The Latest on Housing

Monday, October 5, 2026

Full Brief
  1. 2

    70K people protest in Madrid demanding action on evictions & housing crisis as demonstrations spread nationwide after Spanish Parliament rejects 2 decrees extending eviction protections & rental contract stability

Every Summary on Housing

October 20261 Summary

  1. Monday, October 5, 2026Full Brief
    1. 2

      70K people protest in Madrid demanding action on evictions & housing crisis as demonstrations spread nationwide after Spanish Parliament rejects 2 decrees extending eviction protections & rental contract stability

September 20264 Summaries

  1. Wednesday, September 30, 2026Full Brief
    1. 4

      Morocco's King Mohammed VI appoints 50yo lawyer & outgoing housing minister Fatima Ezzahra El Mansouri as country's 1st female PM after her party wins most seats in Sep 23 parliamentary election

  2. Thursday, September 24, 2026Full Brief
    1. 6

      Mortgage Bankers Association: US 30yr mortgage rate rises to 7.1% (vs 7% prior week, highest since May 2024); Refinance applications fall -62% year-over-year as borrowers shift to lower-rate adjustable mortgages

  3. Tuesday, September 8, 2026Full Brief
    1. 3

      Freddie Mac data: Avg US 30yr fixed mortgage rate climbs to 13mo high of 6.7% (vs 6.5% in Sep 2025); 15yr rate rises to 6% (vs 5.6%)

    2. 5

      EU announces $232M 2026-27 investment package for Greenland covering satellite/cable connectivity, hydropower, critical raw materials, education, fisheries, housing, tourism & small businesses to "strengthen Arctic connectivity, economic resilience"

August 20261 Summary

  1. Wednesday, August 12, 2026Full Brief
    1. 1

      NY Fed: US mortgage balances entering 30+ day delinquency reach 3.9% (highest since 2015); Car loan balances entering 90+ day delinquency reach 3% (highest since 2010)

July 20262 Summaries

  1. Monday, July 20, 2026Full Brief
    1. 6

      National Association of Realtors: US homebuyer affordability slips for 5th month in Jun; Income needed to qualify for mortgage on median-priced single-family home rises to $109K (vs $94K in Jan)

  2. Monday, July 13, 2026Full Brief
    1. 4

      Bipartisan US housing bill automatically becomes law without Trump's signature; Law "streamlines homebuilding, expands affordable housing & limits institutional purchases of single-family homes"

June 20263 Summaries

  1. Tuesday, June 30, 2026Full Brief
    1. 1

      Supreme Court allows Trump to fire leaders of independent federal agencies without cause, citing Constitution's separation of powers; Exempts Fed Reserve, citing its independence & blocking Trump's removal of Fed Governor Lisa Cook over alleged mortgage fraud while legal challenge proceeds

  2. Thursday, June 4, 2026Full Brief
    1. 6

      Trump appoints Federal Housing Finance Agency head Bill Pulte as acting national intelligence director, replacing Tulsi Gabbard; Pulte will oversee 18 US intelligence agencies while continuing housing regulator role

  3. Tuesday, June 2, 2026Full Brief
    1. 4

      Investment conglomerate Berkshire Hathaway agrees to acquire US homebuilder Taylor Morrison for $8.5B, adding 350+ communities across 12 states to its housing portfolio

May 20264 Summaries

  1. Tuesday, May 26, 2026Full Brief
    1. 5

      Avg US 30yr mortgage rate climbs to 6.5% (highest in 9mo) increasing borrowing costs during peak homebuying season

  2. Friday, May 22, 2026Full Brief
    1. 2

      Top 2 largest US apartment real estate firms Equity Residential & AvalonBay announce $69B merger creating $52B housing giant with 180K+ rental apartments

  3. Monday, May 11, 2026Full Brief
    1. 3

      Century Foundation/Protect Borrowers report: US auto debt hits record $1.7T (largest non-mortgage consumer debt); 86M Americans now carry car loans/leases with avg monthly car payments climbing >$680 (vs $506 in 2018)

  4. Monday, May 4, 2026Full Brief
    1. 5

      UK Renters' Rights Act takes effect, ending "no-fault" evictions (tenant removal without cause) for 11M tenants; Caps rent increases to 1/yr, allows pets & bans discrimination against tenants with children/on benefits

April 20263 Summaries

  1. Monday, April 27, 2026Full Brief
    1. 6

      US housing agencies & mortgage giants Fannie Mae & Freddie Mac adopt new credit score models for mortgages in 1st update in decades; New system factors rent & bill payments to "expand access to homeownership"

  2. Tuesday, April 14, 2026Full Brief
    1. 2

      White House report: US housing shortage reaches 10M homes as prices rise 82% (vs 12% income growth); Claims "bureaucrat tax" (zoning, permits, codes) cuts "enable 13.2M new homes & add 2M jobs"

  3. Monday, April 6, 2026Full Brief
    1. 1

      White House releases largest-ever $1.5T defense budget for fiscal year 2027 (+44% vs $1T in 2026); Proposes 10% reduction in "non-defense programs" including $15B+ renewable funding cuts, -19% from Agriculture Dept, -13% from Housing & Urban Development & -12% from Health & Human Services

February 20261 Summary

  1. Thursday, February 12, 2026Full Brief
    1. 1

      NY Fed: US household debt rises to record $18.8T in Q4 2025 (+1% vs $18.6T in Q3); Mortgage balances hit $13.2T (vs $13T), credit cards $1.3T (vs $1.2T) as overall delinquency climbs to 4.8% (vs 4.5%)

January 20261 Summary

  1. Friday, January 30, 2026Full Brief
    1. 6

      White House launches initiative coordinating federal response to addiction crisis; Order "expands treatment access, recovery support, re-entry services across health, education, housing & workforce"

November 20251 Summary

  1. Thursday, November 27, 2025Full Brief
    1. 4

      Mortgage Bankers Association report: US mortgage applications rise +0.2% as purchase activity rises despite 30yr rates rising to 6.4% (highest since early Oct)

October 20251 Summary

  1. Thursday, October 23, 2025Full Brief
    1. 5

      US mortgage refinance (swapping loan for lower rate) demand surges +81% year-over-year with 30yr fixed rate dropping to 6% (lowest in 1mo) as borrowers seize opportunity to cut monthly payments

September 20253 Summaries

  1. Thursday, September 25, 2025Full Brief
    1. 4

      US Census Bureau: New home sales jumped almost +21% in Aug to highest since Jan 2022 despite elevated mortgage rates, with median home price at $414K (+1.9% year-over-year)

  2. Friday, September 12, 2025Full Brief
    1. 2

      US Consumer Price Index (primary measure of inflation) rises 0.4% in Aug (biggest in 7 months), up +2.9% annually, led by higher housing & food costs; Core inflation (excludes food & energy) up +0.3%

  3. Thursday, September 11, 2025Full Brief
    1. 4

      Federal judge temporarily blocks Trump from firing Fed Governor Cook over alleged past mortgage fraud; Ruling keeps her in office as case proceeds, testing central bank independence

August 20252 Summaries

  1. Wednesday, August 27, 2025Full Brief
    1. 1

      Trump moves to fire Fed Reserve Governor Lisa Cook (1st Black woman on board) over alleged mortgage fraud; Cook denies claims, refuses to resign & vows to sue as politically independent Fed says removal requires court ruling

  2. Monday, August 11, 2025Full Brief
    1. 5

      AP-NORC research: 53% of US adults cite grocery costs as major stress with 19% using "buy now, pay later" services for groceries; 75% report major financial stress from at least 1 factor including housing (47%), income & savings (43%) or healthcare (42%)

July 20251 Summary

  1. Wednesday, July 16, 2025Full Brief
    1. 5

      China's economy grows 5.2% in Q2 (vs 4.7% 2024 & 5.1% forecast) despite Trump's threatened 145% tariffs (starting Aug 12) & real estate market decline (new home prices fall at fastest pace in 8mo); Manufacturing up 6.4% (vs 4.8% 2024)

May 20251 Summary

  1. Friday, May 30, 2025Full Brief
    1. 3

      Israel authorized 22 new settlements in West Bank, largest expansion in 30yrs+; Israel built 160 settlements housing 700K Israelis (alongside 3.3M Palestinians) in disputed territory since 1967 Six Day War

March 20251 Summary

  1. Monday, March 3, 2025Full Brief
    1. 4

      Pending Home Sales index hits record low, pressured by high mortgage rates (6.9-7%), high home prices & extreme weather; South affected most at -9% vs last year

February 20251 Summary

  1. Friday, February 14, 2025Full Brief
    1. 8

      US household debt (credit cards, mortgages, loans) reaches record high of $18T, including $1.2T credit card debt

January 20251 Summary

  1. Tuesday, January 7, 2025Full Brief
    1. 1

      Canadian PM Justin Trudeau resigns as PM & Liberal leader amid party discontent; 53yo Trudeau led Liberal Party for 11yrs & as PM for 9yrs; His 65% approval in 2015 decreased to 20% now amid inflation, housing crisis & immigration criticisms; Liberal Party seeks replacement

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