The National Association of Realtors® (NAR) is reporting that since the start of the COVID-19 pandemic, the ability to afford purchasing a home has steadily declined.
There has been a surge in do-it-yourself (DIY) home improvement projects since the start of the pandemic. With extra time on their hands and savings destined for vacations and trips that are now on hold, homeowners have used that time and money to take on projects to adapt their homes to their new lifestyles.
Mortgages in active forbearance dropped nearly 20% last week.
Dealers who responded to FEA’s Weekly Order Survey continue to take a highly regionalized view of their markets. Again, this week, some builders and their supporting dealers are reporting flat to a modest uptick in sales activity.
According to the Bureau of Labor Statistics (BLS) Total nonfarm payroll employment rose by 661,000 in September, and the unemployment rate declined by -0.5% to 7.9%. Which represents 12.6 million Americans without employment.
FEA’s Weekly Order Survey respondents’ views on their market’s activity not only varied from region to region but also appeared to reflect on whether the builder was building custom homes or tract housing.
A recent Reuters poll conducted between September 15th – 29th, disclosed that most major housing markets around the world will not be able to keep up with consumer price inflation in 2021. As a result, they are faced with multiple downside risks, in spite of rising strongly this year amid the COVID-19 pandemic and historically low interest rates.
According to the monthly report released today (10/1) from Challenger, Gray and Christmas Inc., a global outplacement and business and executive coaching firm, job cuts announced by U.S. based employers jumped to 118,804 in September, up 2.6% from August’s total of 115,762.
According to the latest Nanos Research for Bloomberg News poll, Canadians are increasingly optimistic about housing, even as the country finds itself in the grips of the second wave of the COVID-19 pandemic.
According to a new report from CoreLogic, Inc., the Irvine California based corporation that provides financial, property, and consumer information analytics and business intelligence, homeowners are gaining wealth during the COVID-19 pandemic.