Last week’s economic reporting included readings on inflation, core inflation, and minutes of the Fed’s Federal Open Market Committee meeting held on September 22 and 23. Weekly readings on mortgage rates and jobless claims were also published....
Housing Market
What’s Ahead For Mortgage Rates This Week – July 26, 2021
Last week’s economic reporting included readings from the National Association of Home Builders Housing Market Index, data on sales of new and previously-owned homes, and weekly reports on mortgage rates and jobless claims. NAHB: Affordability, Shortages of...
Case Shiller: Home Prices Rise at Fastest Pace Since 2005
March readings for S&P CoreLogic Case-Shiller Home Price Indices rose to their highest level since 2005 in March. National home prices rose by 13.20 percent year-over-year as compared to February’s reading of 12.00 percent growth. The Case-Shiller 20-City...
NAHB: Home Builder Confidence Ticks Up in April
The national reading for home builder confidence rose one point to an index reading of 83 in April; the National Association of Home Builders predicted a reading of 84. Component readings for April’s national index readings were mixed. Builder confidence...
Case-Shiller: Phoenix Home Prices Hot, Hotter, and Hottest
The S&P Case-Shiller National Home Price Index posted its highest gain in nearly 15 years with a year-over-year home price growth rate of 11.20 percent in January. The December 2020 National Home Price Index reported 10.40 percent home price growth. The...
NAHB: Rising Demand for Homes Boosts Builder Confidence
Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November’s index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder...
What’s Ahead For Mortgage Rates This Week – July 20, 2020
Last week’s economic reports included readings from the National Association of Home Builders on housing markets along with Commerce Department data on housing starts and building permits issued. Weekly reports on mortgage rates and unemployment claims...
NAHB Housing Market Index Unchanged in September
Home builder confidence in housing market conditions stayed flat in September. The National Association of Home Builders Housing Market Index reported an index reading of 67, which matched expectations and NAHB's housing market reading for August. Analysts cited...
Big Second Quarter GDP Numbers Impact Housing Market
Positive economic growth numbers are always cause for celebration and the second quarter GDP just went vertical. After nearly four years of sub-par growth, the real GDP hit 4.1 percent in the second quarter. While that economic news has everyday Americans excited that...
NAHB: Home Builder Confidence Drops in January
Homebuilder confidence in housing market conditions dipped two points in January; ongoing challenges including labor shortages and materials costs were cited by the National Association of Home Builders, which provides monthly readings on home builder sentiment. Three...