Mortgage loan application volume declined 0.7% on a seasonally adjusted basis from one week earlier, the MBA reported.
News in end use
Concessions Fade as US Spring Rental Season Kicks Into High Gear
With spring finally here, the share of rental listings offering tenants concessions many have peaked, Zillow reported.
January FHFA House Price Index Down Month-Over-Month but Up Year-Over-Year
The FHFA House Price Index declined 0.1% month-over-month in January. Year-over-year, prices increased 6.3%.
Typical US Household Earns $30K Less Than Needed to Afford a Median-Priced Home
As of February, the estimated median US household earns $29,448 less than it needs to afford the median-priced home, Redfin reported.
S&P CoreLogic Case-Shiller US Home Price Index Reports 6.0% Annual Gain in January
The S&P CoreLogic Case-Shiller US National Home Price NSA Index rose 6.0% year-over-year in January, up from 5.5% in December.
The Conference Board Consumer Confidence Index Inches Lower in March
The Conference Board Consumer Confidence Index® declined to a reading of 104.7 (1985=100) in March, down from 104.8 in February.
New US Residential Single-Family Home Sales Down Slightly Month-Over-Month but Up Year-Over-Year in February
New residential single-family home sales for February were at a seasonally adjusted annual rate (SAAR) of 662,000, 0.3% below the revised January rate.
Existing US Homes For Sale Increased 5% and New Listings Rose 15% During the Four-Week Period Ending March 17th
Redfin reported that during the four-week period ending March 17th, the total number of US homes for sale climbed 5%, the largest year-over-year increase since May 2023.
State-Level Analysis of Construction Sector Employment for February
31 states reported month-over-month employment gains in February, the BLS and National Association of Home Builders reported.
Canadians Receiving Employment Insurance Benefits Inches Higher in January
In January, the number of Canadians receiving regular Employment Insurance (EI) benefits was up 0.3%.