Redfin reported today (7-11-22) that approximately 60,000 home-purchase agreements were canceled in June, that is equal to 14.9% of all the homes that went under contract during the month.
News in end use
Fannie Mae Home Purchasing Sentiment Index at Second-Lowest Reading in a Decade
On Thursday (7-7-22) afternoon, Fannie Mae released its Fannie Mae Home Purchasing Sentiment Index® (HPSI) for June. According to the report, the HPSI dropped 3.4 points to a reading of 64.8. This is the second-lowest reading in a decade.
Construction Sector Employment Posts Overall Gains in June
A closer look at employment in the construction sector of the U.S. Bureau of Labor Statistics (BLS) June Nonfarm Payroll […]
Canadian Labor Force Survey for June 2022
Statistics Canada (StatsCan) reported on July 8th that employment in Canada decreased by 43,000 or 0.2% in June. Completely eliminating […]
U.S. Nonfarm Payroll Increases by 372,000 in June – Unemployment Remains at 3.6%
The U.S. Bureau of Labor Statistics (BLS) reported on July 8th that total nonfarm payroll employment increased by 372,000 in […]
Construction Sector Job Openings Decline Modestly Month-Over-Month in May 2022
A closer look at the U.S. Bureau of Labor Statistics (BLS) recently released, Job Openings and Labor Turnover Summary (JOLTS) […]
Job Cuts Climb Higher Month-Over-Month & Year-Over-Year in June
According to the latest Job Cut Report from Challenger, Gray & Christmas (CG&C), Inc, a global outplacement and business and […]
Mortgage Rates Continued to Move Lower – in Week Ending 7th July 2022
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending July 7th , 2022. The PMMS […]
Weekly Jobless Claims Creep Higher – in the Week Ending 2nd July 2022
The U.S. Department of Labor is reporting that seasonally adjusted an additional 235,000 Americans made their initial filing for unemployment […]
Home Prices Increase in May 2022
CoreLogic released the Home Price Index (HPI) and HPI Forecast for May 2022. According to the HPI although U.S. home […]