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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    Total Consumer Credit in May Decreases

    Thursday July 9th, 2020 08:00:22 PM
    Litic Murali

    The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through May 2020. In May, consumer credit decreased at a seasonally adjusted annual rate of 5.3% from the previous month, with revolving debt1 decreasing by 28.6% and nonrevolving debt2 increasing by 2.3 percent. Consumer credit totaled $4.1 trillion on a seasonally… Read More ›

    Initial and Continuing Jobless Claims Decline

    Thursday July 9th, 2020 02:23:05 PM
    Jing Fu

    Weekly initial jobless claims continued to decrease in the week ending July 4 and continuing claims, which lags initial jobless claims by one week, declined to about 18.1 million in the week ending June 20. The data indicate that the labor market is gradually recovering from the COVID-19 crisis as states reopen and workers return to work, albeit slowly. The… Read More ›

    Mortgage Purchasing Reaches Highest Level in over 10 Years

    Wednesday July 8th, 2020 06:00:04 PM
    Litic Murali

    The Mortgage Bankers Association’s (MBA) latest Weekly Application shows an uptick in applications for the week ending July 3, 2020. The Market Composite Index increased by 2.2% from the previous week on a seasonally adjusted basis and its constituent Purchasing and Refinancing indices increased by 5.3% and 0.4%, respectively. The MBA’s 30-year fixed-rate mortgage rate fell to a new record… Read More ›

    Economic Well-Being of U.S. Households (Part 2)

    Wednesday July 8th, 2020 03:21:49 PM
    Fan-Yu Kuo

    The Federal Reserve Board recently released its Report on the Economic Well-Being of U.S. Households. The report provided results from the responses to the 2019 Survey of Household Economics and Decision making (SHED) which was conducted before the COVID-19 pandemic, as well as the responses to a smaller follow-up survey conducted in April 2020 to better understand the financial disruptions… Read More ›

    Construction Hiring Surged in May

    Tuesday July 7th, 2020 05:33:12 PM
    Robert Dietz

    After an accelerated pace of layoffs in March and April, construction sector hiring roared back in May, per data from the BLS Job Openings and Labor Turnover Survey (JOLTS). In May, the hiring rate increased to 9.6%, after a subdued 3.7% rate in April. This was the strongest rate of hiring in the history of the JOLTS data. The increase… Read More ›



    CNN – Real Estate News

    Should 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 sight

    Tuesday 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 more

    Tuesday 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 tanks

    Tuesday August 7th, 2018 04:55:43 PM

    Read full story for latest details.



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