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The US Census Bureau released its New Residential Construction report for December today. The report measures building permits, the start of the construction process (housing
While it would be technically accurate to point out a slight increase in January’s homebuilder confidence (officially the National Association of Homebuilders Housing Market Index
There hasn’t been meaningful change in economic data that measures activity in the housing and mortgage markets. In a nutshell, activity has been drifting along
2024 has been one of those “it is what it is” sort of years for activity in the mortgage market. There were signs of hope
The Mortgage Bankers Association (MBA) didn’t publish updated weekly application numbers last week, which meant that this week’s data had to play catch up with
Blessings, curses, enigmas, paradoxes, etc… The state of home price appreciation in the U.S. is all of the above. The positive case for home prices
The National Association of Realtors (NAR) releases monthly reports on both existing and pending home sales. The latter tracks signed purchase contracts that have not
Those who spend any time digging into home construction and home sales figures in the U.S. know that, of the 4 census divisions, the South
As you may have gleaned from our coverage of new home sales, construction, builder confidence, and mortgage apps recently, there are only so many ways
There are two key, big picture home price indices in the U.S. They come out every month, but with a 2 month lag. That means
Even on a good day, the Census Bureau’s New Residential Sales report has a notoriously wide margin of error. But today’s 12.8% margin of error
The Mortgage Bankers Association (MBA) released its weekly application survey results on Wednesday. The highlight was a 12.43% increase in purchase applications from the previous
The Mortgage Bankers Association is out with the latest survey of mortgage applications and refinance activity led the charge this week. In fact, purchase activity
The National Association of Home Builders (NAHB) and Wells Fargo publish the Housing Market Index (HMI) each month. The industry refers to this as “builder
The Census Bureau releases its report on New Residential Construction each month which offers 3 key metrics: building permits, housing starts, and housing completions. Of
Heading into the first part of December, mortgage rates were at their lowest levels in a month and a half. Much of the improvement from
Just in time for the big jump in interest rates seen after yesterday’s Fed announcement, the latest Existing Home Sales data from the National Association
First thing’s first, mortgage applications increased last week, both for purchases and refinances! It was the first improvement for refi demand since mid September,
The most common interval for scheduled economic data is “monthly.” That means that things like inflation, sentiment, job counts, unemployment, retail sales, and many
Historically low interest rates may not have guaranteed historically high levels of housing activity, but exceptionally high rates have definitely muted activity in a
