Housing Starts Fell in September, Supply Still Not Keeping Pace with Demand
After jumping 12.3% in August, housing starts reversed course in September, falling 9.4% to an annual rate of 1.256 million.
Although starts fell compared with...
U.S. Housing Market Improved in August
August was a good month for the U.S. housing market: new and existing-home sales increased, housing starts jumped, the unemployment rate dropped and mortgage...
Brian Montgomery Nominated to Serve as HUD Deputy Secretary
The Trump Administration has announced its intention to nominate Federal Housing Agency (FHA) Commissioner Brian Montgomery to serve as deputy secretary of the U.S....
Lower Mortgage Rates Helped Boost Home Affordability in September
Falling mortgage rates helped boost home affordability in September, Black Knight’s Mortgage Monitor shows.
In November 2018, when rates were nearing 5%, the share of...
Consumer Confidence in Housing Market Fell in September
Despite low mortgage rates and slowing home price appreciation, consumer confidence in the housing market decreased 2.3 points in September to a score of...
Unemployment Rate Drops to 50-Year Low as House Hunters Get a Boost
The U.S. economy added 136,000 jobs in September and the unemployment rate dropped to 3.5% - the lowest it’s been since December 1969 -...
Home Price Appreciation Continued to Slow in August
U.S. home prices increased 0.4% in August compared with July and were up 3.6% compared with August 2018, according to CoreLogic’s home price index.
The...
Freddie Mac: Surging Refinances to Push Origination Volume to $2.1 Trillion in 2019
A surge of homeowners refinancing into a lower mortgage rates as well as strong homebuyer demand will push mortgage origination volume to $2.1 trillion...
Pending Home Sales Increased in August
Driven by low mortgage rates, pending home sales increased 1.6% in August compared with July to reach a score of 107.3 on the National...
Low Rates Helped Spur 7.1% Jump in New Home Sales in August
New home sales were at a seasonally adjusted annual rate of about 713,000 in August, an increase of 7.1% compared with a revised estimate...
Case-Shiller: Home Prices Rising ‘at Ever More Modest Rates’
U.S. home prices increased 0.1% on an adjusted basis in July compared with June and were up 3.2% compared with July 2018, according to...
Rising Home Prices Continued to Boost Equity Gains in Q2
Rising home prices continued to boost total U.S. home equity during the second quarter.
According to CoreLogic’s quarterly Homeowner Equity Insights Report, homeowners with mortgages...
Existing-Home Sales Increased in August But Inventory Remains Low
Existing-home sales increased 1.3% in August compared with July and were up 2.6% compared with August 2018, according to the National Association of Realtors...
Housing Starts Jumped 12.3% in August as Builders Played Catch-Up
Housing starts took a sizable jump in August, prompting optimism from the housing and mortgage industries that at least some relief is on the...
August Applications for New Home Purchases Up 33% Compared with Last Year
Applications for mortgages for new home sales increased 0.2% in August compared with July and were up an impressive 33% compared with August 2018,...
Falling Mortgage Rates Helped Boost Consumer Sentiment Toward Housing
Falling mortgage interest rates, moderating home price growth and a strong labor market combined to boost consumer sentiment toward the housing market in August.
As...
Wages Increased in August as U.S. Economy Added 140K Jobs
The U.S. economy added about 130,000 jobs in August - lower than expectations - and average hourly earnings were up 0.4% month-over month and...
Treasury, HUD Release Housing Finance Reform Plans
The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) have presented President Donald Trump with their respective plans...
CoreLogic: Lack of Supply Will Cause Home Price Appreciation to Re-Accelerate
The pace of home price appreciation continued to slow in July - however, it is forecast to pick up some steam over the next...
Case-Shiller: Home Price Appreciation at Slowest Pace Since 2009
Home price appreciation continued to slow in June, according to the S&P CoreLogic Case-Shiller home price index.
On an adjusted basis, U.S. home prices increased...