Construction spending stalled in January. Publicly funded spending rose slightly from December but that was offset by reductions in most areas of private construction . Residential construction did remain in the black, due to a slight increase in single-family building. Total construction spending was at a seasonally adjusted annual rate of $1.263 trillion, essentially unchanged from December. The figure was an increase of 3.2 percent compared to January 2017. On an unadjusted basis the value of construction put in place dropped from $96.200 billion in December to $86.912 billion in January. The monthly decline was shared by every construction category. Privately funded construction dollars spent were at a seasonally adjusted rate of $962.733 billion, a -0.5 percent change from December, but

March 1, 2018 Download our Mobile App: Download our Mobile App: Housing News Construction Spending Down Despite Increase in Single Family Construction spending stalled in January. Publicly funded spending rose slightly from December but that was offset by reductions in most areas of private construction . Residential construction did remain in the black, due to a slight increase in sin... (read more) MBS Commentary MBS Live Day Ahead: 2nd Day of Powell Testimony. Any More Landmines? This is currently the best week of the year for bond markets.  The same was true of last week in the sense that it was the first time in 2018 that yields ended lower vs the close of the previous week.  While that would be the case yet again... (read more) Rob Chrisman Builder Product; Legal News and Settlements; Government Personnel Changes Welcome to March. What happened to January and February? This commentary occasionally discusses “tiny homes” (yes, okay with the Agencies if comps can be found), houses made from shipping containers, and other trends in home building. Now... (read more) Mortgage Rate Watch Mortgage Rates Avoid Setting Another High After moving back up to the highest levels in more than 4 years yesterday, mortgage rates fell slightly today. Pessimists/realists would rightfully point out that today's rates are still pretty close to those 4-year highs, and that one measly day isn... (read more) Housing News Homeownership's Price Tag Rising as Rents Moderate Taken together, two recent posts in the CoreLogic Insights blog may indicate that, after several years of being a close trade-off or even more affordable than renting, buying a home might be losing any advantage. Shu Chen writes that the growth in re... (read more) MBS Commentary MBS Live Recap: Moderate Gains Keep Hope Alive For a Rate Ceiling 2.90% or something close to it continues to look like the center of a range of yields that might like to... think about... maybe... potentially... trying... to act as a ceiling for rates.  After bouncing at 2.92% yesterday, yields continued lowe... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.85 -0.08 UMBS 6.0 100.51 -0.06 GNMA 5.5 99.48 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:51PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.350 0.000 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.401 +0.014 10 YR Treasury 4.459 +0.020 30 YR Treasury 4.610 +0.027 Pricing as of: 11/14 11:51PM EST Latest Video Rich Clarida seen as frontrunner for Fed vice chair, says a source Powell: We don't know precisely where full employment is Powell: Our banking system is quite healthy Around the Web CNN Equifax says hackers stole more than previously reported Reuters Trump says U.S. to impose hefty tariffs on steel, aluminum imports CNBC Markets feared Trump would light the fuse on a trade war, and maybe he just did CNBC HUD chief Ben Carson moves to cancel order for $31,561 executive dining room set CNBC 4 Fed rate hikes this year would be 'gradual': Dudley CNBC Here's what you need to earn to buy a home in these big cities CNBC New Fed chairman says Amazon helped keep inflation low consumerfinancemonitor.com CFPB to look to state AGs for more leadership in enforcement arena CNBC As home prices soar, buyers turn to riskier mortgages CNBC Fed Chair Powell: No evidence of 'decisive' move up in wages CNBC Ex-Fed Chair Greenspan: 'We are in a bond market bubble' that's beginning to unwind Calculated Risk Blog ISM Manufacturing index increased to 60.8 in February Freddie Mac Fixed-Rate Mortgage Rates Rise for Eighth Consecutive Week

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