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Industry News (Sources: NAHB & CNN) |
NAHB Eye on HousingFirst Year-To-Date Price Decline in March for Building Materials Since the Great RecessionThursday April 9th, 2020 06:43:05 PM
Prices paid for goods used in residential construction decreased 0.8% in March (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The year-to-date decline in residential construction inputs prices is the first January-to-March decrease since the Great Recession. Building materials prices have fallen 1.8% since March 2019 by -0.15% per… Read More ›
Jobless Claims Hit 6.6 Million Last WeekThursday April 9th, 2020 04:36:30 PM
The U.S. Department of Labor released Unemployment Insurance Weekly Claims Report for the week ending April 4th. In the past three weeks, about 16.8 million Americans filed for unemployment insurance due to the impact of the COVID-19 crisis. In the week ending April 4th, the number of people who applied for unemployment benefits, known as jobless claims, reached to a… Read More ›
Virus Now Impacting Traffic for Nearly All BuildersThursday April 9th, 2020 01:20:37 PM
In the third week of NAHB’s online poll, the coronavirus’s impact on traffic of prospective buyers has become almost ubiquitous. A full 96 percent of respondents said the virus was having at least some adverse effect on traffic, and 72 percent characterized it as a major adverse effect. This result is based on 256 responses collected online between March 31… Read More ›
Closed-Ended Credit Surged in FebruaryWednesday April 8th, 2020 06:50:49 PM
The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through February 2020. In February, consumer credit increased at a seasonally adjusted annual rate of 6.4% from the previous month, with revolving debt1 increasing by 4.6% and nonrevolving debt2 increasing by 7 percent. Consumer credit totaled $4.2 trillion on a… Read More ›
Backwards-Looking Job Data for Construction Show PotentialTuesday April 7th, 2020 02:37:14 PM
Given the growing number of economic impacts from mitigation efforts associated with the coronavirus, early 2020 labor market data is of much reduced analytical value. However, the data help to describe where the economy was before the shocks of March and the potential for gains in an eventual rebound we expect to take hold during the fourth quarter. February data… Read More ›
CNN – Real Estate NewsShould I get a fixed- or adjustable-rate mortgage?Wednesday August 8th, 2018 02:19:25 PM
Read full story for latest details.
Toll Brothers’ record shows the housing boom has no end in sightTuesday August 21st, 2018 04:35:35 PM
Read full story for latest details.
What will your monthly mortgage payment be?Monday February 2nd, 2015 03:53:13 PM
In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.
Looking for a home in Berlin or Budapest? Prepare to pay moreTuesday July 17th, 2018 11:28:00 AM
Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank.
Zillow buys a mortgage lender and the stock tanksTuesday August 7th, 2018 04:55:43 PM
Read full story for latest details.
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