In a surprise announcement, on Sunday afternoon, The Federal Reserve cut its key interest rate to near zero, a dramatic […]
News in end use
30-Year Fixed Mortgage Rate Ticks Up Slightly
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending March 12th, 2020. The PMMS shows […]
Goods Used in Residential Construction Decreased Slightly in February
According to the Bureau of Labor Statistics, Producer Price Index (PPI) prices paid for goods used in residential construction decreased […]
Will Low Mortgage Rates Be Enough to Bring Buyers Out to Look For a House?
The outlook for a booming springtime home buying season is being pared back by economists. The lowest mortgage rates on […]
Consumer Sentiment Drops in March
Despite the ongoing stock market gyrations and the growing outbreak of COVID-19 (aka the coronavirus) U.S. consumer sentiment declines were […]
Single-Family Large Metro Construction Slowed in 2019
According to the National Association of Home Builders (NAHB), fourth quarter Home Building Geography Index (HBGI), large metro suburbs were […]
U.S. Construction Industry Leaders Confidence held steady in December 2019
According to the Construction Confidence Index (CCI), which was recently released by the Associated Builders and Contractors (ABC), confidence among […]
Consumer Price Index Rises 0.1% in February
The U.S. Department of Labor, Bureau of Labor Statistics has announced that the Consumer Price Index for All Urban Consumers […]
Mortgage Applications Increased in the Week Ending March 6th, 2020
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending March 6th, 2020, […]
COVID-19 Virus has an Upside for U.S. Consumers
It’s a fact, the U.S economy, almost 70% of it, is driven by the consumer and consumer spending. As the […]