According to data from the MBA Weekly Mortgage Application Survey, for the week ending June 26th, 2020, the Market Composite Index decreased -1.8% on a seasonally adjusted basis from one week earlier.
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U.S. Construction Spending Report for May 2020
The U.S. Census Bureau is reporting that total construction spending during May 2020 was estimated at a seasonal adjusted annual rate (SAAR) of $1,356.4 billion.
The Conference Board’s Consumer Confidence Index® Increases in June
After being basically unchanged in May, the Conference Board’s Consumer Confidence Index® (CCI) increased in June.
Increases in Canadian Home Prices will be Limited by High Unemployment and Lower Immigration
A recent Reuters poll indicates that Canadian home prices will increase at a much slower pace this year, than predicted just three short months ago.
A Full V-Shaped Housing Recovery Continues
According to Logan Mohtashami, a columnist with Housewire.com, last Wednesday’s Mortgage Banker Association applications data, confirmed a full V-shaped recovery in the housing market.
Home Prices Rise in April, Despite Nationwide COVID-19 Economic Shutdown
According to the S&P CoreLogic Case-Shiller National Home Price Index (HPI), prices for existing homes rose 4.7% compared with April 2019 and were up 4.6% in the previous month (March).
High Court Rules Consumer Financial Protection Bureau is Unconstitutional
In a decision rendered on Monday 6-29-20, the Supreme Court said the structure of the Consumer Financial Protection Bureau is unconstitutional.
Pending Homes Sales Rebound in May by a Record-Setting 44.3% Monthly Increase
The National Association of Realtors®, has reported that after two months so declines their Pending Homes Sales Index increased 44.3% to a reading of 99.6 in May.
The Bureau of Economic Analysis Reports Personal Income Decreased in May
The Bureau of Economic Analysis (BEA) reports that personal income decreased in May to a seasonally adjusted annual rate (SAAR) of $19.839 billion.
Luxury Homes Sales Outpacing Rest of Housing Market
According to realtor.com’s Luxury Housing Reported, which was released on Thursday, June 25th, the luxury market is actually outpacing the rest of the housing market in both price growth and virtual and in person tours.