Wood Markets News


Job Opening and Labor Turnover Survey Released for September 2021

The U.S. Bureau of Labor Statistics (BLS) today (11-12-21) reported its Job Opening and Labor Turnover Survey (JOLTS) for September 2021. According to the report, as of the last business day in September, the number and rate of job openings was little changed at 10.4 million and 6.6%. The record high was 10.9 million set in July 2021.

Mortgage Delinquencies Decline in Q3 of 2021

According to the Mortgage Bankers Association’s (MBA) latest National Delinquency Survey (NDS), the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjust rate of 4.88% of all loans outstanding in Q3 of 2021. The delinquency rate was down 59 basis points from Q2 of 2021 and down 277 basis points from one year ago.

Home Prices Increase for Sixth Consecutive Month in September

According to the Radian Home Price Index (HPI) data released earlier in the month by Red Bell Real Estate, LLC, a Radian Group Company Inc., U.S. home prices in September appreciated at an annualized 17.6% from the month of August. This marks the sixth consecutive month of reporting an all-time record month-over-month rate.