The U.S. Department of Labor is reporting that an additional 840,000 Americans made their initial filing for unemployment benefits during […]
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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.
Mortgage Applications Increase 4.6% in Week Ending October 2nd, 2020
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending October 2, 2020, mortgage applications rose 4.6% from the previous week.
U.S. Labor Department Reports Job Openings Declined in August
In its monthly Job Opening and Labor Turnover Survey (JOLTS) for August, the Labor Department reported that job openings, fell by 204,000 to 6.49 million on the last day of August.
New Speculatively Built Single-Family Detached Home Lot Size Drops to Record Low in 2019
According to the U.S. Census Bureau, the average lot size of a speculatively built, new single-family detached homes dropped to 8,177 square feet, or 0.188 of acre in 2019. This is 390 square feet less than in 2018, and sets a new record low.
Housing Inventory at Lowest Level in 10-Years as Demand Continues to Increase
Zillow reported for-sale listings dropped -34.6% below year-ago levels in early June and remain low relative to last year. This is the greatest year-over-year deficit seen since Zillow started tracking weekly statistics in 2009.
Mortgages in Active Forbearance Increase After Six Straight Weeks of Declines
The number of mortgages in active pandemic-related bailout plans rose by 21,000 in the past week after declining for six straight weeks.