According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending April 24th, 2020, the Market Composite Index decreased -3.3% on a seasonally adjusted basis from one week earlier.
Wood Markets News
Homeownership Rates Move Higher in 1st Quarter of 2020
The U.S. Census Bureau’s Housing Vacancy Survey is reporting that U.S. homeownership rates reached 65.3% in the first quarter of 2020.
Consumer Confidence Declines Further in April
According to the Conference Board, the Consumer Confidence Index, declined further in April, following a steep decline in March.
Home Prices Gained 4.2% in Annually in February per Case-Shiller
According to the S&P CoreLogic Case-Shiller Home Price Indices, February home prices nationally were 4.2% higher annually, up from a 3.9% gain in January.
Home Builders are Experiencing a Jump in New Home Sales
In the first four weeks of the national shutdown in response to the COVID-19 pandemic, sales of newly built homes fell ~85% from normal spring activity.
Home Price Appreciation Close to Reaching the Top
First American Financial Corporation (FAF) has released their First American Real House Price Index (RHPI) for February 2020.
According to 1st Quarter Housing Trend Report Fewer Americans Looking to Buy a Home
The National Association of Home Builders (NAHB) latest Housing Trends Report (HTR) reveals that the share of adults who are […]
Veterans Administration Backed New Homes Sales Increase in Q1 of 2020
Analysis conducted by the National Association of Home Builders, of the U.S. Census Bureau’s Quarterly Sales by Price and Financing […]
University of Michigan Consumer Survey Center Reports Consumer Sentiment Fell in April
The University of Michigan’s Consumer Survey Center (CSC) has polled 600 household on their financial situation and their attitude about […]
Canadian – U.S. Border Deal for COVID-19 Pandemic Traces its Roots back to NAFTA Talks in 2018
Kirsten Hillman, Canada’s ambassador to the U.S., says the diplomatic ties that the two countries established during the 2018 talks […]