In the first four weeks of the national shutdown in response to the COVID-19 pandemic, sales of newly built homes fell ~85% from normal spring activity.
News in end use
Home Price Appreciation Close to Reaching the Top
First American Financial Corporation (FAF) has released their First American Real House Price Index (RHPI) for February 2020.
According to 1st Quarter Housing Trend Report Fewer Americans Looking to Buy a Home
The National Association of Home Builders (NAHB) latest Housing Trends Report (HTR) reveals that the share of adults who are […]
Veterans Administration Backed New Homes Sales Increase in Q1 of 2020
Analysis conducted by the National Association of Home Builders, of the U.S. Census Bureau’s Quarterly Sales by Price and Financing […]
University of Michigan Consumer Survey Center Reports Consumer Sentiment Fell in April
The University of Michigan’s Consumer Survey Center (CSC) has polled 600 household on their financial situation and their attitude about […]
Canadian – U.S. Border Deal for COVID-19 Pandemic Traces its Roots back to NAFTA Talks in 2018
Kirsten Hillman, Canada’s ambassador to the U.S., says the diplomatic ties that the two countries established during the 2018 talks […]
Mortgage Rates Up Slightly for Week Ending April 23rd
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending April 23rd, 2020. The PMMS shows […]
Fanny Mae and Freddie Mac to Begin Purchasing Home Loans that have gone into Forbearance Just After Closing
The Federal Housing Finance Agency (FHFA), the regulators of Fannie Mae and Freddie Mac has announced that the two mortgage […]
Canada’s Inflation Rate Falls to 5 Year Low
Statistics Canada is reporting that Canada’s inflation rate has tumbled to a near 5-year low of 0.9% in March as […]
FEA’s Weekly Order Survey Indicates Continued Strength
It’s not all the gloom and doom we are hearing about. Most dealers continue to report decent sales but just […]