Mortgage loan application volume increased 6.9% on a seasonally adjusted basis from one week earlier, MBA reported.
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Nonresidential Construction Employment Increases in July
The construction industry added 25,000 jobs on net in July, the Census Bureau and ABC reported. Year-over-year, industry employment has expanded by 239,000.
Nonresidential Construction Spending Declines in June
National nonresidential construction spending declined 0.2% in June, according to ABC. Private nonresidential spending fell 0.1%.
US Construction Employment Increases in July
Employment in the construction sector increased by 25,000 in July, the BLS and NAHB reported.
Potential US Homebuyers Remain Sidelined Even As Payments Hit Lowest Level Since March
The median US monthly housing payment was $2,667 during the four-week period ending on July 28th, Redfin reported.
US Nonfarm Payroll Increases in July, but Unemployment Trends Higher
Nonfarm payroll employment increased by 114,000 in July. The unemployment rate increased 0.2 percentage points to 4.3%.
US Monthly Construction Spending Declines in June
Total construction spending during June was estimated at a SAAR of $2,148.4 billion, 0.3% below the revised May estimate of $2,154.8 billion.
US Census Bureau Releases Q2 Residential Vacancies and Homeownership Data
The homeowner vacancy rate of 0.9% was higher than 0.7% in 2023Q2 and higher than 0.8% in Q1.
Fixed-Rate Mortgages Trend Lower in the Week Ending August 1st
The 30-year fixed-rate mortgage averaged 6.73%, down from last week when it averaged 6.78%, Freddie Mac reported.
Private Sector Job Cuts Decline Further in July
US-based employers announced 25,885 job cuts in July, down from 48,786 in June, Challenger, Gray & Christmas reported.