After sharps declines, signs of stabilization appear in Consumer Confidence indices.
News in end use
The S&P CoreLogic™ Case-Shiller Index Reports Home Prices Accelerated in March
According to the Case-Shiller index, home prices rose 4.4% annually, up from 4.2% in February.
FHFA Reports House Prices Increased in First Quarter of 2020
U.S. house prices rose in the first quarter of 2020, up 1.7%.
New Home Sales Modestly Rise in April
Sales of new single-family homes in April 2020 were at a seasonally adjusted annual rate of 623,000, 0.6% above the revised March rate.
9% of all U.S. Mortgages in COVID-19 Forbearance
According to the data from latest McDash Flash Forbearance tracker, approximately 9% of all mortgages are in forbearance.
Canadian Retail Sales Decline a Record 10% in March
Statistics Canada is reporting that Canadian retail sales plunged 10% in March. The result of officials shuttering non-essential business to slow the spread of the COVID-19 pandemic.
After Four Straight Years of Decline Median Single-Family Size Increases in First Quarter of 2020
Over the past several years builders have been trying to construct more affordable – entry-level homes. In order to do that the size of the average starter home has been shrunk.
Townhouse Construction Flat in First Quarter of 2020
A closer look into the U.S. Census Bureau’s Quarterly Starts and Completions by Purpose and Design finds that townhouse construction, in the first quarter of 2020, was flat on a year-over-year basis.
Single-Family Homes Built-for-Rent Post Modest Gains in First Quarter of 2020
A deeper dive into the U.S. Census Bureau’s Quarterly Starts and Completions by Purpose and Design reveals a bright spot in the number of single-family homes built-for-rent.
Developers and Builders of Multifamily Housing Units Confidence Drop in First Quarter of 2020
According to the NAHB Multifamily Market Survey, as a result of the ongoing COVID-19 pandemic, multifamily builders and developers confidence in their markets softened substantially in the first quarter of 2020.