homebuilding
March jobs report: mortgage industry reacts
“While this 4.2% figure is a deceleration from the pace in recent months, it is still higher than the typical wage growth rate prior to the pandemic, illustrating that the labor market continues to exert inflationary pressures in the economy,” he said. “We continue to view inflation risks as skewed to the upside, which suggests … [Read more…]
Labor market shows signs of a gradual slowdown
There are signs that the labor market may be slowing down, sparking hope that the Federal Reserve will stop its ongoing tightening monetary policy, which has spurred increasing mortgage rates.
Optimism Reigns Amid Affordability Challenges
The shortage of entry-level homes and slow income growth could turn people off from homeownership, but the American dream of buying a home remains alive and well.
White House to roll out plan to lower first-time home buyers … – Reuters.com
White House to roll out plan to lower first-time home buyers … Reuters.com
Single-family construction is shifting away from large urban areas
As the housing market cools, single-family building is shifting from metro core areas to micro and non-metro/micro counties.
Homebuilders pulled back on the pace at the start of 2023
Homes were started at an estimated annual pace of 1.309 million in January, down 4.5% month over month, according to a report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD).
Builders are feeling cautiously optimistic thanks to lower mortgage rates
Temperatures are slowly starting to rise in many parts of the country â and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report.
Housing starts continued to slide in October amid ongoing challenges
The October annual housing start rate was down 8.8% on a year over year basis, according to a report from the Census Bureau and HUD.
Januaryâs strong jobs report could spell trouble for the housing market
The labor market started 2023 with a bang, which could spell trouble for the housing market as the Fed tries to control inflation this year.