News in end use

Mortgage Applications Decline for Second Consecutive Week

According to data from the Mortgage Bankers Association’s (MBA), for the week ending Friday, April 26, 2024, the Market Composite Index decreased 2.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.4% compared with the previous week.

FHFA’s House Price Index Increases for February 2024

The Federal Housing Finance Agency (FHFA) reported on Tuesday (4-30-24), its House Price Index (FHFA HPI®) for February 2024. According to the HPI, U.S. home prices increased 1.2% from January. Year-over-year (Feb.23 – Feb. 24) U.S. house prices increased 7.0%.