Mortgage loan application volume increased 11.0% on a seasonally adjusted basis from one week earlier, MBA reported.
Wood Markets News
US Home Affordability Improves For the First Since June 2020, Redfin Says
US homebuyers need an annual income of $115,454 to afford the median priced home, down 1.4% year-over-year and the first annual decline since June 2020, Redfin reported.
FHFA House Price Index Increases 4.5% Year-Over-Year in July
US house prices, seasonally adjusted, increased 0.1% in July. Year-over-year, house prices rose 4.5%.
Southern Forest Products Export Report for July
Exports of Southern pine lumber (treated and untreated) through July continued to outpace 2023, up 15%, the USDA and SFPA reported.
S&P CoreLogic Case-Shiller Index Reports 5.0% Annual Home Price Gain in July
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 5.0% in July, down from a 5.5% annual increase in June.
US Consumer Confidence Index Declines in September
The Conference Board Consumer Confidence Index declined to 98.7 in September, down from an upwardly revised reading of 105.6 in August.
Share of Mortgage Loans in Forbearance Increases for Third Consecutive Month in August
The number of loans in forbearance increased to 0.31% of servicers’ portfolio volume as of August 31st, up from 0.27% in July, MBA reported.
Share of First-Time Buyers For New Single-Family Homes Declines in 2024
40% of builders’ single-family home sales so far in 2024, on average, have been made to first-time home buyers, NAHB and Wells Fargo reported.
Canadian New Housing Price Index Unchanged in August
The New Housing Price Index was unchanged month-over-month in August. Year-over-year, the index was unchanged, following a 0.1% increase in July.
US National Interagency Fire Center Wildfire Update as of September 23rd
As of September 23rd, 42 large active wildfires are being managed with full suppression strategies nationwide. Current wildfires have burned 1,656,005 acres.