The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) indicates that builder confidence in the market for newly built single-family homes declined 4-points to a reading of 86 in December. Bringing the three consecutive month streak of new records highs to an end.
News in end use
Mortgage Applications Increase 1.1% in Week Ending December 11th, 2020
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending December 11th, 2020. The Market Composite Index, a measure of mortgage loan application volume, increased 1.1% percent on a seasonally adjusted basis from one week earlier.
China’s New Home Price Increases Slowed in November
Official data from China’s National Bureau of Statistics (NBS) reveals that new home prices in 70 of China’s major cities continued to cool in November.
The Share of Mortgage Loans in Forbearance Decreases Modestly in the Week Ending December 6th, 2020
The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports that the total number of loans now in forbearance decreased from 5.54% of servicers’ portfolio volume in the prior week to 5.48% as of December 6th, 2020.
Canadian Housing Starts Up in November
According to Canada Mortgage and Housing Corporation (CMHC) the trend, which measures a six-month moving average of the monthly seasonally adjusted annual rates (SAAR), in housing starts was 231,491 units in November 2020, up from 222,989 units in October 2020.
Residential and Nonresidential Construction Input Prices Decline in November
Analysis of the U.S. Bureau of Labor Statistic (BLS) Producer Price Index (PPI) data, provided by the Associated Builders and Contractors (ABC) reveals that construction input prices fell -0.5% in November, when compared to those in October.
Producer Price Index Increases in November
The U.S. Bureau of Labor Statistics (BLS) is reporting today (12/11) that the Producer Price Index (PPI) for final demand advanced 0.1% in November, seasonally adjusted. Final demand prices rose 0.3% in October and 0.4% in September.
Multifamily Construction Continues to Shift to Less Populated Areas in Q3 2020
According to the latest National Association of Home Builders (NAHB) Homebuilding Geography Index (HGI), the shift in multifamily construction, which started in Q2 2020, into less dense markets continued and accelerated in Q3 2020.
Pandemic Housing Boom Creates a Home Equity Windfall for Homeowners
According to CoreLogic, Inc. the California based corporation that provides financial, property, and consumer information, analytics, and business intelligence, as prices rise, home equity multiplies.
Mortgage Rates Remain at New Record Lows in the Week Ending 10th December 2020
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 10th December 2020. The PMMS shows that 30-year fixed-rate mortgage averaged 2.71% with an average 0.7 point, unchanged from last week.