New-home sales picked up sharply in November and December, according to the latest release from the U.S. Census Bureau, in a somewhat surprising—and welcome—indicator that housing demand remains persistent against macro uncertainty. New-home sales were up 12.3% year-over-year in November and jumped 3.8% in December during what is normally a slower time for transactions. Single-family…

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Households headed by immigrants have accounted for roughly three-quarters of housing demand growth since 2010, but a new Harvard analysis suggests that trend may be ending—with significant implications for housing markets across the country. The Joint Center for Housing Studies at Harvard University (JCHS) released revised projections forecasting 1.7 million fewer households in the U.S.…

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