Mortgage loan application volume increased 9.4% on a seasonally adjusted basis from one week earlier, MBA reported.
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NFIB Small Business Optimism Index Edges Lower in June
The NFIB Small Business Optimism Index edged down 0.2 points to 98.6, slightly above the 51-year average of 98.
Fannie Mae Home Purchase Sentiment Index Declines in June
The Fannie Mae Home Purchase Sentiment Index declined 3.7 points to a reading of 69.8 in June.
US Multifamily Completions Reach 38-Year High in 2024
608,000 multifamily units were completed in 2024, the highest level since 1986, the Census Bureau and NAHB reported.
US Nonresidential Construction Employment Expands in June
Nonresidential construction employment expanded by 9,200 positions in June, the BLS and ABC reported.
US Construction Sector Employment Expands in June
Total construction employment rose by 15,000 in June, following a revised gain of 6,000 in May, the BLS and NAHB reported. Residential construction added 5,500 jobs.
US Mortgage Rates Decline in the Week Ending July 3
The 30-year fixed-rate mortgage averaged 6.67%, down from 6.77% last week, Freddie Mac reported. This marks the fifth consecutive decline.
US Mortgage Applications Trend Higher in the Week Ending June 27
Mortgage loan application volume increased 2.7% on a seasonally adjusted basis from one week earlier, MBA reported.
US Nonfarm Payroll Increases by 147,000 in June; Unemployment at 4.1%
Total nonfarm payroll employment rose by 147,000 in June, roughly in line with the 12-month average of 146,000.
US Weekly Initial Jobless Claims Decline in the Week Ending June 28
The advance figure for seasonally adjusted initial unemployment claims was 233,000, a decrease of 4,000 from the previous week’s revised total.