According to the latest Fannie Mae Home Purchase Sentiment Index (HPSI) the steep decline in the March survey has been followed by an even deeper drop in April.
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Unemployment Rate Climbs to 14.7% in April
The Labor Department is reporting that the U.S. labor market in April, shed 20.5 million workers from nonfarm payrolls.
Construction Industry Insight in a Post COVID-19 World
Ramzi Jreidini. CEO of Handiss, shares his insight into how the construction industry will be impacted by the COVID-19 pandemic and what AEC professionals can do to lower its impact.
Supply Chain Disruption, Just Another Challenge for Construction in the COVID-19 World
The COVID-19 pandemic has sparked many changes at jobsites.
Mortgage Rates Tick Higher, After Reaching All Time Low
The PMMS shows that 30-year fixed-mortgage rate averaged 3.26% with an average 0.7 point up from last week when it averaged 3.23%.
Housing Affordability Drops in First Quarter of 2020 Due to Economic Losses from the COVID-19 Pandemic
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), rising job losses in March, due […]
Weekly Jobless Claims Rise Another 3.839 Million for Week Ending May 2nd
An additional 3.169 million Americans made their initial filing for unemployment benefits during the week ending on Saturday, May 2nd.
Time Spent Searching for a Home Continues to Grow
Up until the onset of the COVID-19 pandemic (mid-March) home purchases for the first quarter of 2020 were on the upswing.
Mortgage Applications Increase Ever So Slightly in Week Ending May 1st 2020
For the week ending May 1st, 2020, the Market Composite Index, increased 0.1% on a seasonally adjusted basis from one week earlier.
Minority Homeownership Increases in 1st Qtr. of 2020
According to data recently released by the U.S. Census Bureau’s Housing Vacancies and Homeownership Survey the minority homeownership rated for the first quarter of 2020 increased.