The Bureau of Economic Analysis (BEA) released today (6-29-22) its “third” estimate of real gross domestic product (GDP) for Q1 […]
News in end use
Mortgage Applications Increase for Third Consecutive Week – in Week Ending 24th June 2022
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the week ending June 24th, […]
Mortgage Delinquency Rates Decline for Third Consecutive Month to New All-Time Record Low
According to Black Knight, an information provider for the mortgage and home equity lending and servicing industry, the national mortgage […]
The Conference Board’s Consumer Confidence Index Drops for Second Consecutive Month in June
The Conference Board, a non-partisan, not-for-profit think tank, founded in 1916, released today (6-28-22) their Consumer Confidence Index® (CCI) for […]
Increases in U.S. Home Price Decelerate in April – First Down Tick Since November 2021
On Tuesday (6-28-22), S&P CoreLogic Case-Shiller released its U.S. National Home Price NSA Index for April. The Index which covers […]
FHFA Reports U.S. House Prices Up Month-Over-Month & Year-Over-Year in April 2022
According to the latest Federal Housing Finance Agency (FHFA) House Price Index (HPI®), released today, (6-28-22), nationwide U.S. home prices […]
Canada Posts Record High Construction Job Opening During Q1 of 2022
According to Statistics Canada (StatsCan) Canadian employers in the construction sector were actively trying to fill 81,500 vacant positions in […]
Pending Homes Sales Post First Month-Over-Month Gain in Six-months in May
The National Association of Realtors® (NAR) reported on Monday (6-27-22). their Pending Homes Sales Index (PHSI), which is based on […]
New Residential Home Sales Rebound in May 2022
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Friday that new residential single-family home sales for May 2022 were at a seasonally adjusted annual rated (SAAR) of 696,000, according to estimates. This is 10.7% above the revised April rate of 629,000 but is -5.9% below May 2021.
Homebuying Demand Continues to Cool as Mortgage Rates and Home Prices Climb Higher
In its latest report, Redfin, reported that for the week ending June 19, homebuying demand pulled back further as mortgage rates reached their highest level in since 2009. Redfin’s Homebuyers Demand Index—which measures buyers request for home tours, offers, and other requests for agents’ help—posted its largest decline in over 2 years.