Today, 3:08 PM
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 accounts fo...
Thu, Dec 19 2024, 3:33 PM
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 Associa...
Wed, Dec 18 2024, 4:06 PM
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 the recent hi...
Wed, Dec 18 2024, 3:40 PM
The Census Bureau releases its report on New Residential Construction each month which offers 3 key metrics: building permits, housing starts, and hou...
Tue, Dec 17 2024, 3:24 PM
The National Association of Home Builders (NAHB) and Wells Fargo publish the Housing Market Index (HMI) each month. The industry refers to this as "bu...
Wed, Dec 11 2024, 3:08 PM
The Mortgage Bankers Association is out with the latest survey of mortgage applications and refinance activity led the charge this week. In fact, pur...
Fri, Nov 29 2024, 12:23 PM
The Mortgage Bankers Association (MBA) released its weekly application survey results on Wednesday. The highlight was a 12.43% increase in purchase a...
Tue, Nov 26 2024, 10:31 AM
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 isn't ...
Tue, Nov 26 2024, 9:56 AM
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 we're getting September'...
Thu, Nov 21 2024, 3:53 PM
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...
Wed, Nov 20 2024, 3:41 PM
First thing's first, mortgage applications increased last week, both for purchases and refinances! It was the first improvement for refi demand since ...
Tue, Nov 19 2024, 4:09 PM
The most common interval for scheduled economic data is "monthly." That means that things like inflation, sentiment, job counts, unemployment, retail...
Mon, Nov 18 2024, 3:28 PM
Historically low interest rates may not have guaranteed historically high levels of housing activity, but exceptionally high rates have definitely mut...
Wed, Nov 13 2024, 3:11 PM
It's not entirely clear if it's a can or the proverbial bucket. All we know is that mortgage applications have been kicking it. There's no great way...
Wed, Nov 6 2024, 2:36 PM
In today's weekly mortgage application survey from the MBA, the average 30yr fixed mortgage rate only rose from 6.73 to 6.81%. Meanwhile, daily avera...
Wed, Oct 23 2024, 3:15 PM
Housing was chugging right along in early 2020, then covid happened. Housing experienced lots of unexpected volatility with the most important develo...
Wed, Oct 23 2024, 2:53 PM
The Mortgage Bankers Association (MBA) keeps track of applications for purchase and refi mortgages every week. Purchase apps are slower moving, less ...
Fri, Oct 18 2024, 3:01 PM
While this technically signals some cooling in new construction potential, it wasn't much more of a drop than investors expected. Moreover, there has...
Wed, Sep 4 2024, 8:14 AM
Interest rates continued their slow decline last week while application volume is inching up almost as slowly. The Mortgage Bankers Association (MBA) ...
Thu, Aug 29 2024, 11:54 AM
Home sale numbers continue to retreat and in July the National Association of Realtors’® (NAR) Pending Home Sales Index (PHSI) fell to its lowest lev...
Wed, Aug 28 2024, 8:04 AM
The mortgage market seemed to be in a wait-and-see mode last week as the Federal Reserve signaled a might, maybe, we are thinking about it, approach...
Tue, Aug 27 2024, 11:51 AM
Two major home price indices show home price appreciation is still running well above historical norms. However, increases in the S&P CoreLogic Case-S...
Thu, Aug 22 2024, 2:39 PM
Existing Homes (the jargon word for a home that has already been owned and occupied) represent a much larger piece of the home sales pie compared to n...
Wed, Aug 21 2024, 8:21 AM
Two weeks ago, we saw a sudden surge in refinancing activity. The Mortgage Bankers Association (MBA) reported that, during the week ended August 9, it...
Fri, Aug 16 2024, 12:12 PM
Residential construction slowed in July. Both the rate of permitting and of housing starts were down from the prior month and starts were the worst in...
Thu, Aug 15 2024, 10:31 AM
The record will show that today's Housing Market Index (aka "builder confidence") from the National Association of Homebuilders (NAHB)/Wells Fargo fel...
Wed, Aug 14 2024, 8:06 AM
A second week of lower interest rates appeared to send homeowners scrambling to refinance their higher-rate mortgages assumed over the last few years....
Wed, Aug 7 2024, 3:49 AM
A drop in interest rates pushed mortgage applications sharply higher last week although nearly all the gains belonged to refinancing. The Mortgage Ban...
Wed, Jul 31 2024, 11:50 AM
Signed contracts for home sales increased in June, a broad-based improvement seen in all four major regions of the country. The National Association o...
Wed, Jul 31 2024, 8:52 AM
Interest rates were largely unchanged during the week ended July 26. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measu...
Wed, Jul 24 2024, 12:03 PM
Interest rates and prices continued to curtail home sales in June. The Census Bureau and the Department of Housing and Urban Development reported on W...
Wed, Jul 24 2024, 8:42 AM
Home buyers remained on the sidelines as interest rates drifted lower, perhaps paying attention to the Federal Reserve’s musings about future cuts. Th...
Tue, Jul 23 2024, 12:04 PM
Existing home sales fell in June, but the median sales price hit a record high as it had also done in May . The National Association of Realtors® sai...
Wed, Jul 17 2024, 8:35 AM
Mortgage application activity staged a moderately strong recovery from the previous holiday-shortened week, although the recovery was attributable s...
Tue, Jul 16 2024, 3:09 PM
The National Association of Home Builders (NAHB) blamed high interest for lagging new home sales and the resulting dampened industry confidence in bui...
Wed, Jul 10 2024, 8:06 AM
Mortgage applications declined slightly on a seasonally adjusted basis last week but plummeted on an unadjusted basis during the July 4th week. The we...
Wed, Jul 3 2024, 8:20 AM
Higher interest rates knocked mortgage application volume back last week. But, while purchase volume appears to lose ground year-over-year, refinancin...
Wed, Jun 26 2024, 11:28 AM
May turned out to be a dismal month for home sales. Sales of existing homes dipped a modest 0.7 percent from April, but new home sales fared far worse...
Wed, Jun 26 2024, 8:08 AM
Slightly lower mortgage rates failed to impress potential borrowers last week. The Mortgage Bankers Association said its Market Composite Index, a mea...
Tue, Jun 25 2024, 12:01 PM
Two major home price indexes had very different conclusions about the growth of annual home prices in April, but each showed a significant month-over...
Thu, Jun 20 2024, 11:45 AM
The rate of both construction permitting and residential construction starts fell in May, with permitting losing ground for the third straight month. ...
Thu, Jun 20 2024, 8:31 AM
There was a slight increase in mortgage application volume during the week ended June 14. For a change, it was accounted for by the home purchasing co...
Wed, Jun 12 2024, 8:14 AM
Mortgage application activity recovered nicely last week from a downturn during the previous holiday-shortened week, helped by a temporary drop in in...
Wed, Jun 5 2024, 7:00 AM
Interest rates, along with the distraction of a three-day weekend, further slowed the mortgage market last week. Tho Mortgage Bankers Association (MBA...
Thu, May 30 2024, 12:30 PM
Pending home sales fell another 7.7 percent in April according to the National Association of Realtors® (NAR). NAR’s Pending Home Sales Index (PHSI) ...
Wed, May 29 2024, 8:07 AM
Higher interest rates helped to wipe out three weeks of gains in mortgage application activity. The Mortgage Bankers Association (MBA) said its Market...
Wed, May 22 2024, 3:17 PM
The inventory of existing homes for sale increased from March to April, but the increased availability didn’t bolster sales. The National Association ...
Wed, May 22 2024, 8:54 AM
Interest rates hit a seven-week low last week, boosting the level of refinancing applications for the third straight week, but those for home purchase...
Thu, May 16 2024, 2:55 PM
The latest data on new residential construction from the U.S. Census Bureau paints a somewhat mixed picture of the housing market. While housing compl...
