According to the latest Fannie Mae Home Purchasing Sentiment Index® (HPSI) consumer confidence, in housing dipped 2.3 points in July, to a reading of 74.
News in end use
Commerce Department Announces Preliminary Determination in their Antidumping Duty Investigation of Wood Mouldings and Millwork Products into the U.S. from China but not Brazil
The U.S. Department of Commerce (Commerce) announced its preliminary determination in the antidumping duty (AD) investigation of imports of wood mouldings and millwork products from China.
Nonfarm Payroll Employment Increases by 1.8 million in July
The U.S. Bureau of Labor Statistics (BLS) is reporting that total nonfarm payroll employment rose by 1.8 million in July.
FEA’s Weekly Order Survey Respondents are Reporting Their Sales Continue to Accelerate
Dealers responding to this week’s Weekly Order Survey remain positive about their current business’ status and are reporting that their sales continue to accelerate.
Housing Affordability Hits 18-Month Low in Second Quarter of 2020
According to the National Association of Home Builders (NAHB) /Wells Fargo Housing Opportunity Index (HOI), housing affordability declined in the second quarter of 2020.
Builder Confidence in 55+ Housing Market Back to Pre-Pandemic Level
According to the recently released National Association of Builders’ (NAHB) 55+ Housing Market Index (HMI) builder’s confidence in the single-family 55+ housing market increased 27 points to a reading of 65 in the second quarter.
Weekly Jobless Claims Decline More Than Anticipated in the Week Ending 1st August 2020
The U.S. Department of Labor is reporting that an additional 1.186 million Americans made their initial filing for unemployment benefits during the week ending on Saturday August 1st.
Mortgage Rates Hit Another Record Low in Week Ending 6th August 2020
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 6th August 2020.
ADP Reports National Employment in the Private Sector Increased in July
According to the July ADP National Employment Report®, private sector employment increased by 167,000 jobs from June to July.
Mortgage Loans in Forbearance Decrease for Seventh Week in a Row
The Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey for July 26th, reports that the total number of loans now in forbearance decreased by 7 basis points from 7.74% of servicers’ portfolio volume in the prior week to 7.67% as of July 26th, 2020.