Construction spending rose 0.2% in January, the second consecutive gain, the Census Bureau and NAHB reported.
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US Construction Spending Declines Month-Over-Month in January, But Remains Up Year-Over-Year
Total construction spending during January was estimated at a SAAR of $2,102.4, 0.2% below the revised December estimate of $2,105.8 billion.
Fannie Mae Releases Home Price Expectations Survey for Q1: Price Growth Anticipated
Experts expect annual national home price growth to be 3.8% in 2024, the Fannie Mae Home Price Expectations Survey showed.
Mortgage Application Payments Trek Higher in January
The Mortgage Bankers Association Purchase Applications Payment Index showed that homebuyer affordability declined in January.
US Existing-Home Listings Increase in February, but Higher Mortgage Rates Stifle Sales
In the four-week period ending February 25th, new listings of US homes for sale increased 13% year-over-year, Redfin reported.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for February
The Index of Consumer Sentiment increased to a reading of 76.9 in February, down from 79.0 in January. This is a month-over-month decline of 2.7% but up 14.9% year-over-year (66.9 in February 2023).
Canadian Real GDP, Income, and Expenditures for 2023Q4
Read GDP inched 0.2% higher in 2023Q4, following a 0.1% decline in Q3.
US Pending Homes Sales Decline Month-Over-Month and Year-Over-Year in January
The National Association of Realtors Pending Homes Sales Index declined 4.9% month-over-month to a reading of 74.3.
Personal Income, Disposable Income, and Personal Consumption Expenditures All Increase in January
Personal income increased 1.0% month-over-month in January; disposable personal income increased 0.3%; and personal consumption expenditures increased 0.2%.
30-Year Fixed-Rate Mortgages Rise in the Week Ending February 29th—Fourth Consecutive Increase
The 30-year fixed-rate mortgage averaged 6.94%, up from last week when it averaged 6.90%, Freddie Mac reported.