Market Datavs. 1 year ago
30-year mortgage6.76%▲ +0.41 pts15-year mortgage6.09%▲ +0.59 pts10-year Treasury5.00%▲ +0.95 ptsMortgage spread1.76 pts▼ -0.54 ptsMedian list price (Aug)$425k▼ -1.3%List $/sqft (Aug)$224▼ -1.8%Days on market (Aug)60 +0 daysActive listings (Aug)1.14M▲ +3.6%New listings (Aug)402k▼ -0.1%Pending sales (Aug)452k▼ -0.6%Housing starts (Jul)1.24M▼ -13.5%Building permits (Jul)1.43M▲ +2.4%New-home sales (Jul)607k▼ -6.3%Existing-home sales (Aug)3.98M▼ -1.2%Months of supply (Jul)9.6▲ +0.4 moMortgage delinquency (Q2)1.86%▲ +0.08 pts
Updated 7:40 AM ET

Virginia Data Center Energy Tax Raises Operating Costs for Power-Intensive Projects

Virginia Data Center Energy Tax Raises Operating Costs for Power-Intensive Projects

Virginia has enacted a temporary tax on electricity consumption of $0.011 per kilowatt-hour, under budget language that takes effect July 1, 2026 and runs until before July 1, 2028. The provision includes refunds if annual collections exceed $600 million. For the largest data center market in the world, this converts a policy debate into a … Read more

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