The MBA Purchase Applications Payment Index increased 0.1% to 166.2 in February from 166.1 in January.
News in end use
US Weekly Initial Jobless Claims Inch Lower in the Week Ending March 22
The advance figure for seasonally adjusted initial unemployment claims was 224,000, a decrease of 1,000 from the previous week’s revised total.
US Mortgage Applications Decline in the Week Ending March 21
Mortgage loan application volume decreased 2.0% on a seasonally adjusted basis from one week earlier, MBA reported.
New US Residential Single-Family Home Sales Rise 1.8% in February
New residential single-family home sales for February were at a seasonally adjusted annual rate of 676,000, 1.8% above the revised January rate.
FHFA House Price Index Posts 4.8% Annual Increase in January
The FHFA House Price Index rose 0.2% in January. Year-over-year, prices increased 4.8%.
S&P CoreLogic Case-Shiller Index Reports 4.1% Annual Gain in US Home Prices in January
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 4.1% in January, a slight increase from December.
US Consumer Confidence Index Declines for Fourth Consecutive Month in March
The Conference Board Consumer Confidence Index declined 7.2 points to a reading of 92.9 (1985=100).
Nonresidential Construction Backlog Declines in February; Contractor Optimism Remains High
The ABC Construction Backlog Indicator declined to 8.3 months in February. Year-over-year, the measure was up 0.2 months.
NAHB Priced-Out Estimates Show Lower Interest Rates Have Improved Housing Affordability
NAHB Priced-Out Estimates show how home price increases and mortgage rates affect housing affordability in 2025.
US Remodeling Market Continues to Grow as Homes Age
A new report by the Harvard Joint Center for Housing Studies says the strength of the remodeling market has been supported by aging homes and households, as well as record-high property values.