The spread between 10-Year Treasury rate and 30-year fixed-rate mortgages continues to trend lower, signaling lower risks for investors.
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Median Home Sale Price Experience Largest Increase on Record During Week Ending 4th October
Year-over-year median home sales price jumped 15% during the week ending on October 4th.
Census Bureau Reports the Number of Completed Modular and Panelized Single-Family Homes Drop in 2019
According to data from the latest Census Bureau Survey of Construction data, with analysis provided by the National Association of Home Builders (NAHB) the total market share of offsite built single-family homes (modular and panelized) dropped to 3% of single-family completions in 2019.
The Fed Reports Consumer Credit Drops in August
The latest G-19 Consumer Credit Reports from the Federal Reserve covers consumer credit, excluding loans secured by real estate, the end of August 2020. According to the report consumer credit decreased at a seasonally adjust annual rate (SAAR) of 2% from July.
FEA’s Weekly Order Survey Participants Views Vary from Region to Region
Dealers who responded to FEA’s Weekly Order Survey continue to take a highly regionalized view of their markets. Again, this week, some builders and their supporting dealers are reporting flat to a modest uptick in sales activity.
Weekly Jobless Claims Decline for the Week Ending October 3rd, 2020
The U.S. Department of Labor is reporting that an additional 840,000 Americans made their initial filing for unemployment benefits during […]
Canadian Housing Starts Up Modestly in September
According to the latest report from the Canada Mortgage and Housing Corporation (CMHC) the trend, which measures a six-month moving average of the monthly seasonally adjusted rate of housing starts, was 214,647 units in September, up from 212,609 units in August 2020.
Mortgage Rates Fractionally Lower in Week Ending October 8th, 2020
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending October 8th, 2020. The PMMS shows that 30-year fixed-rate mortgage averaged 2.87% with an average 0.8 point, slightly down from last week when it averaged 2.88%.
Toronto Existing Home Sales Hit New Record Level in September
The Toronto Regional Real Estate Board (TRREB) is saying September will be a month they will long remember. A record number of existing homes, 11,083 to be exact, sold in Toronto in September with an average sales prices of $ 960,772.
August Construction Job Openings Decline
A closer look into the Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey (JOLTS), with an eye towards the construction sector, reveals that the August open position count declined in step with the overall declines being reported in the JOLTS report for the month.