The U.S. Bureau of Labor Statistics (BLS) today (7-7-21) reported its Job Opening and Labor Turnover Survey (JOLTS) for May 2021. According to the JOLTS report, as of the last business day in May, the number and rate of job openings was little changed at 9.2 million.
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Mortgage Applications Drop for Second Week in a Row Down -1.8% in the Week Ending July 2nd, 2021
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending July 2nd , 2021, the Market Composite Index , a measure of mortgage loan application volume decreased -1.8% percent on a seasonally adjusted basis from one week earlier.
Shares of Mortgages in Forbearance Decline for 18th Week in a Row, in the Week Ending June 27th, 2021
The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports that the total number of loans now in forbearance decreased by 4 basis points from 3.91% of servicers’ portfolio volume in the prior week to 3.87% as of June 27, 2021.
Canadian Consumer Confidence Hits New Record High in Latest Bloomberg Nanos Research Group Polling
According to the latest Nanos Research Group polling, conducted on behalf of Bloomberg News, Canadian consumer sentiment reached a new record high in the week ending July 2nd, 2021. The Bloomberg Nanos Canadian Confidence Index jumped to 66.4 last week, the highest reading since surveys began in 2008.
The Consumer Financial Protection Bureau Finalizes Amendments to Help Protect Mortgage Borrowers from Unwelcome Surprises
The Consumer Financial Protection Bureau (CFPB) a Federal Government Agency, has just finalized amendments to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out. The amendments will also help protect mortgage borrowers from unwelcome surprises as the exit forbearance plans.
New Listing of Homes For Sale Increase in June – Good News for Buyers
Realtor.com is reporting in their Monthly Housing Report for June 2021, that new listings showed signs of a comeback , as home prices broke a new record for the fifth months in a row at $ 385.000.
Total Value of Canadian Building Permits Decline -14.8% in May
Statistics Canada (StatCan) is reporting that following four consecutive months of reaching new highs, the total value of building permits dropped a record $1.6 billion (C$) or -14.8% to $9.5 billion in May.
Mortgage Rates Fall Below 3% in the Week Ending July 1st, 2021
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending July 1st 2021. The PMMS reports that 30-year fixed-rate mortgage averaged 2.98% with an average 0.6 point, down from last week when it averaged 3.02%.
Total Nonfarm Payroll Increases by 850,000 in June – Unemployment Holds Steady at 5.9%
The U.S. Bureau of Labor Statistics (BLS) reported today, Friday, July 2nd, 2021, that Total nonfarm payroll employment rose by 850,000 in June, following increases in May of 583,000 and 269,000 in April.
Further Analysis of U.S. Census Bureau Construction Spending Data for May
A deeper dive into the U.S. Census Bureau Construction Spending data, for May, with further analysis provided by the National Association of Home Builders (NAHB) reveals that that total private residential construction spending rose 0.2% in May to a seasonally adjusted annual rate of $751.7 billion.