Mortgage loan application volume decreased 2.0% on a seasonally adjusted basis from one week earlier, MBA reported.
News in end use
New US Residential Single-Family Home Sales Rise 1.8% in February
New residential single-family home sales for February were at a seasonally adjusted annual rate of 676,000, 1.8% above the revised January rate.
FHFA House Price Index Posts 4.8% Annual Increase in January
The FHFA House Price Index rose 0.2% in January. Year-over-year, prices increased 4.8%.
S&P CoreLogic Case-Shiller Index Reports 4.1% Annual Gain in US Home Prices in January
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 4.1% in January, a slight increase from December.
US Consumer Confidence Index Declines for Fourth Consecutive Month in March
The Conference Board Consumer Confidence Index declined 7.2 points to a reading of 92.9 (1985=100).
Nonresidential Construction Backlog Declines in February; Contractor Optimism Remains High
The ABC Construction Backlog Indicator declined to 8.3 months in February. Year-over-year, the measure was up 0.2 months.
NAHB Priced-Out Estimates Show Lower Interest Rates Have Improved Housing Affordability
NAHB Priced-Out Estimates show how home price increases and mortgage rates affect housing affordability in 2025.
US Remodeling Market Continues to Grow as Homes Age
A new report by the Harvard Joint Center for Housing Studies says the strength of the remodeling market has been supported by aging homes and households, as well as record-high property values.
US Residential Construction Loan Volume Falls in Q4
The total volume of AD&C loans outstanding from FDIC-insured institutions fell 1.02% to $490.7 billion, the third straight quarterly decline, NAHB reported.
Canadian Industrial Product and Raw Materials Price Indices for February
Lumber and other wood product prices declined 1.2%, following six consecutive monthly increases. Softwood lumber was down 3.4%.