According to an updated 2020 forecast from realtor.com, the rebound in the U.S. housing market will neither look like a “V” or a “U” but rather more like a “W”.
News in covid 19
Small Business Optimism Index Drops in March
The National Federation of Independent Business Optimism Index fell 8.1 points in March, to a reading of 96.4.
Are Millennials Putting Homeownership on Hold?
Current mortgage rates make buying a home, especially for a millennial (24 – 38-years old), a much more attractive option than continuing to pay the landlord. But then again, perhaps not.
Loan Officer Survey Shows Tightening of Standards for Construction Loans and Mortgages
The results of the latest Loan Officer Survey is consistent with other surveys and reports developed by other organizations in the banking and financial sector for the same time period.
Consumer Confidence in Home Purchasing Falls to 2011 Subprime Mortgage Levels
According to the latest Fannie Mae Home Purchase Sentiment Index (HPSI) the steep decline in the March survey has been followed by an even deeper drop in April.
Unemployment Rate Climbs to 14.7% in April
The Labor Department is reporting that the U.S. labor market in April, shed 20.5 million workers from nonfarm payrolls.
FEA’s Weekly Order Survey – Dealers Continue to Report Steady Sales in the First Week of May
Many dealers are reporting that their first week of May sales are remaining slow but steady, very similar to where April sales left off.
Construction Industry Insight in a Post COVID-19 World
Ramzi Jreidini. CEO of Handiss, shares his insight into how the construction industry will be impacted by the COVID-19 pandemic and what AEC professionals can do to lower its impact.
Supply Chain Disruption, Just Another Challenge for Construction in the COVID-19 World
The COVID-19 pandemic has sparked many changes at jobsites.
Mortgage Rates Tick Higher, After Reaching All Time Low
The PMMS shows that 30-year fixed-mortgage rate averaged 3.26% with an average 0.7 point up from last week when it averaged 3.23%.