According to the Federal Reserve’s latest G.19 Consumer Credit Report there are rising trends in consumer credit, excluding loans secured by real estate, through the first quarter of 2020.
Wood Markets News
Loan Officer Survey Shows Tightening of Standards for Construction Loans and Mortgages
The results of the latest Loan Officer Survey is consistent with other surveys and reports developed by other organizations in the banking and financial sector for the same time period.
Consumer Confidence in Home Purchasing Falls to 2011 Subprime Mortgage Levels
According to the latest Fannie Mae Home Purchase Sentiment Index (HPSI) the steep decline in the March survey has been followed by an even deeper drop in April.
Unemployment Rate Climbs to 14.7% in April
The Labor Department is reporting that the U.S. labor market in April, shed 20.5 million workers from nonfarm payrolls.
FEA’s Weekly Order Survey – Dealers Continue to Report Steady Sales in the First Week of May
Many dealers are reporting that their first week of May sales are remaining slow but steady, very similar to where April sales left off.
Wildfires Force Evacuations and Partial Closure of I-10 in Florida Panhandle
The Florida Forest Service is reporting that high winds and low humidity has taken a prescribed burn and turned into a fast moving wildfire.
Construction Industry Insight in a Post COVID-19 World
Ramzi Jreidini. CEO of Handiss, shares his insight into how the construction industry will be impacted by the COVID-19 pandemic and what AEC professionals can do to lower its impact.
Supply Chain Disruption, Just Another Challenge for Construction in the COVID-19 World
The COVID-19 pandemic has sparked many changes at jobsites.
Mortgage Rates Tick Higher, After Reaching All Time Low
The PMMS shows that 30-year fixed-mortgage rate averaged 3.26% with an average 0.7 point up from last week when it averaged 3.23%.
Housing Affordability Drops in First Quarter of 2020 Due to Economic Losses from the COVID-19 Pandemic
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), rising job losses in March, due […]