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Demand will persist, problem is with supply chains

BEIJING — Nio's biggest challenge right now is making sure that supply chains are stable, CEO William Li told CNBC.The Chinese electric carmaker has had to charge customers more due to soaring prices of raw materials.When Covid controls in April prevented Nio's from...

Weekly mortgage demand from homebuyers tumbles 12%

A sign of a home for sale is pictured in Alhambra, California on May 4, 2022.Frederic J. Brown | AFP | Getty ImagesMortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase...

Homebuilder sentiment falls to 2-year low on declining demand, rising costs

Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022.David Paul Morris | Bloomberg | Getty ImagesBuilder sentiment in the market for single-family homes fell sharply in May, as...

Weekly mortgage demand rose for the first time since early March last week, but it won’t last

Real estate listingsAdam Jeffery | CNBCA brief calm in the midst of a rising interest rate storm boosted weekly mortgage demand ever so slightly last week, but it is unlikely to be the start of a new trend. Rates have already moved sharply...