Mortgage loan application volume increased 0.5% on a seasonally adjusted basis from one week earlier, MBA reported.
News in end use
Typical US Homebuyer’s Down Payment Hits Record High in June
The typical down payment for US homebuyers hit a record high of $67,500 in June, up 14.8% from $58,788 a year earlier, Redfin reported.
FHFA Home Price Index Declines 0.1% Month-Over-Month in June
The FHFA Home Price Index showed US house prices, seasonally adjusted, were down 0.1% month-over-month in June.
The Conference Board US Consumer Confidence Index Increases in August
The Conference Board Consumer Confidence Index® increased to a reading of 103.3 in August, up from a revised reading of 101.9 in July.
S&P CoreLogic Case-Shiller Index Reports 5.4% Annual Home Price Gain in June
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 5.4% in June, down from a 5.9% in May.
BLS Indicates US Construction Labor Market Not as Strong as Originally Estimated
For the 12-month period through March, construction employment was revised down by 45,000, 0.6% less than the initially reported, the BLS and NAHB reported.
US New Residential Single-Family Home Sales Soar in July
New residential single-family home sales for July were at a SAAR of 739,000, 10.6% above the revised June rate of 668,000.
Canadian Home Builders Association Q2 Housing Market Index Points to Lower Housing Starts and Sales Outlook
The HMI showed further deterioration in builders’ sentiment across key regions after a disappointing Q1 HMI report.
“Missing Middle” Multi-Family Construction Unchanged in Q2
The “missing middle” sector includes development of medium-density housing, such as townhouses, duplexes, and other small multifamily properties.
US Existing-Home Sales Increase in July, Ending Streak of Four Declines
Total existing-home sales increased 1.3% in July from June to a seasonally adjusted annual rate of 3.95 million, NAR reported.