According to the latest released report by Challenger, Gray & Christmas (CG&C), Inc, a global outplacement and business and executive coaching firm, planned job cuts announced by U.S. based employers jumped to 77,030 in December. An increase of 18.9% from November’s announced cuts of 64,797.
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ADP Reports Private Sector Employment Decreased by 123,000 Jobs in December
According to the August ADP National Employment Report® nonfarm private sector employment decreased by 123,000 jobs from November to December. The ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.
Mortgage Applications Dip Over the Two-Week Holiday Period
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending January 1st, 2021, and includes adjustments to account for the holidays, The Market Composite Index, a measure of mortgage loan application volume decreased -4.2% on a seasonally adjusted basis from two weeks earlier.
CoreLogic® Reports Annual Year-Over-Year U.S. Home Price Appreciation Jumped 8.2% in November
CoreLogic®, a leading global property information, analytics and data-enabled solution provider released today (1-5-21) the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for November 2020. Year-over-year nationally home prices increased 8.2% (November 2019 – November 2020), the largest annual appreciation since March 2014.
Mortgages in Forbearance Increase Again in Week Ending December 31st, 2020
According to Black Knight, one of the premier providers of integrated technology, data and analytics solutions for lenders and financial businesses, the number of mortgages in active forbearance rose by 15,000 in the week ending on Thursday, December 31st.
November Total Private Residential Construction Spending Up 16.1% Year-Over-Year
A deeper dive into the U.S. Census Bureau’s Construction Spending data, provided by the National Association of Home Builders (NAHB) reveals that total private residential construction spending increased 2.7% in November, to a seasonally adjusted annual rate of $658.1 billion.
U.S. Single-Family Homes are getting Smaller
Census Bureau’s Characteristics of New Housing shows home sizes declined in 2019 compared to 2015
U.S. Construction Spending Up 3.8% Year-Over-Year
Construction Spending Increased in November
Pending Homes Sales Decline for Third Straight Month – But Remain 16.4% Above 2019 Levels
The National Association of Realtors® (NAR) has reported their Pending Homes Sales Index (PHSI), which is based month-over-month contract activity, that is signed real estate contracts, not actual closings, for existing single-family homes, condos, and co-ops, declined for the third straight month in a row, declining -2.6% in November to a reading of 125.7.
Mortgages in Forbearance Increase in Week Ending December 24th, 2020 but Remain at 5.3% of all Loans
According to Black Knight, one of the premier providers of integrated technology, data and analytics solutions for lenders and financial businesses, the number of mortgages in active forbearance rose by 20,000 in the week ending on Thursday, December 24th.