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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    Again, Credit for Builders Tightens While Rates Decline

    Thursday August 13th, 2020 03:53:00 PM
    Paul Emrath

    Builders and developers responding to NAHB’s survey on financing for Acquisition, Development and Construction (AD&C) indicated that credit continued to become tighter in the second quarter of 2020.   The net tightening index derived from the survey came in at 12.0, after reaching an 8 1/2-year high of 22.7 in the first quarter. The index is constructed so that positive  numbers… Read More ›

    Initial Jobless Claims Fall Below 1 Million for the First Time Since Mid-March

    Thursday August 13th, 2020 02:28:48 PM
    Jing Fu

    Weekly initial jobless claims decreased below 1 million in the week ending August 8. Continuing claims, which lags initial jobless claims by one week, has declined for two weeks in a row. It is encouraging to see decreases in both jobless claims and continuing claims. More people are returning to work and the labor market is recovering gradually from the… Read More ›

    Amid Record Low Rates, Refinancing Flourishes

    Wednesday August 12th, 2020 07:30:36 PM
    Litic Murali

    Over the last two weeks, the Mortgage Bankers Association’s tracked 30-year fixed-rate mortgage average rate fell by 14 basis points to 3.06%, a new record low in the series. At the same time, the results from its Weekly Application Survey show both weekly and year-over-year percentage increases in purchasing and refinancing activities. On a seasonally adjusted basis, purchasing activity increased… Read More ›

    Gain for the “Core” CPI in July

    Wednesday August 12th, 2020 02:48:34 PM
    Jing Fu

    In July, overall inflation remained unchanged from the previous month, while core inflation accelerated. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.6% in July on a seasonally adjusted basis, the same increase as in June. Excluding the volatile food and energy components, “core” CPI rose by 0.6% in July, after an increase… Read More ›

    Softwood Lumber Costs Up Nearly 30% Over Three Months, Push Building Materials Prices Higher in July

    Tuesday August 11th, 2020 07:50:46 PM
    David Logan

    Prices paid for goods used in residential construction continued their upward trend in July, increasing 1.8% (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. It is the third consecutive monthly increase since the index declined three months straight by a total 5.4%. The index has decreased 1.3% year-to-date (YTD), a larger… 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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