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Slowdown in Single-Family Permits in May 2022
Source: Eye on Housing --- Year-to-date ending in May, single-family permits declined in three out of the four regions. The South posted a moderate increase of 1.0% while the Northeast region reported the steepest decline of 11.7%. The Midwest declined by 11.2% and...
Housing Experts Say This Isn’t a Bubble
Source: Keeping Current Matters --- With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the...
Home loan size retreats from record as mortgage application demand cools
Source: Fox Business --- The average size of a home purchase loan has pulled back from its record high as demand for mortgage applications fell for the second straight week. According to the Mortgage Bankers Association, the average purchase loan size fell to...
Builders Weigh-in on House Ways and Means Committee Hearing on U.S. Housing Crisis
Source: World Property Journal --- The National Association of Home Builders chairman Jerry Konter issued the following statement in response to this week's House Ways and Means Committee Hearing, Nowhere to Live: Profits, Disinvestment, and the American Housing...
Remodeling Market Confidence Declines Year-over-Year
Source: NAHB --- The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 77, declining 10 points compared to the second quarter of 2021. “Although most remodelers...
Should I Buy a Home Right Now?
Source: Keeping Current Matters --- If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you...
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