Wood Markets News


Mortgage Applications Decline in Week Ending November 25th

According to data from the Mortgage Bankers Association’s Weekly Mortgage Application Survey, for the week ending November 25, the Market Composite Index (a measure of mortgage loan application volume) decreased 0.8% on a seasonally adjusted basis from one week earlier.

Pending Homes Sales Continued to Decline in October

The National Association of Realtors® (NAR) reported on Wednesday that its Pending Homes Sales Index (PHSI) declined 4.6% in October from September to a reading of 77.1. The PHSI has dropped for the fifth consecutive month and eleven out of the past twelve months.

Job Openings and Labor Turnover Summary Released for October

On Wednesday, the US Bureau of Labor Statistics reported the Job Openings and Labor Turnover Summary (JOLTS) for October. The number of job openings edged lower to 10.3 million, or 353,000 less than in September. The rate changed little at 6.3%, but 1.0% lower than its peak in March 2022.