According to the survey, a panel of over 100 housing experts forecast home price growth to decelerate to 3.8% in 2025 and 3.6% in 2026.
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Private Sector Job Cuts Increase 3.8% in November
US-based employers announced 57,727 job cuts in November, a 3.8% increase from the 55,597 cuts announced in October, CG&C reported.
US Weekly Initial Jobless Claims Increase in the Week Ending November 30th
The advance figure for seasonally adjusted initial unemployment claims was 224,00, an increase of 9,000 from the previous week’s revised level.
US Mortgage Rates Fall to Lowest Level in Over a Month
The 30-year fixed-rate mortgage averaged 6.69%, down from last week when it averaged 6.81%, Freddie Mac reported.
US Nonresidential Construction Spending Contracts 0.4% in October
Nonresidential construction spending declined 0.4% in October, the Census Bureau and ABC reported. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.228 trillion.
US Mortgage Applications Increase in the Week Ending November 29th
Mortgage loan application volume increased 2.8% on a seasonally adjusted basis from one week earlier, MBA reported.
ADP® Reports Private Sector Employment and Compensation Both Increased in November
Private sector employment increased by 146,000 jobs in November, ADP reported. Year-Over-Year, annual compensation was up 4.8%.
Demand in the Construction Labor Market Continues to Weaken in October
The count of open construction sector jobs trended lower, the BLS and NAHB reported.
US Job Openings and Labor Turnover Summary for October
As of the last business day in October, the number of job openings was 7.7 million. Year-over-year, the measure was down 941,000.
US Private Residential Spending Rises 1.5% in October
Private residential construction spending increased 1.5% in October, the Census Bureau and NAHB reported.