A sharp decline in refinancing sparked by rising mortgage rates and a new wave of economic uncertainty caused mortgage application activity to sink during the week ending March 13, according to data from the Mortgage Bankers Association (MBA). “Mortgage rates...
Pending home sales in February increased by 1.8% from the prior month but declined 0.8% from one year earlier, according to data from the National Association of Realtors (NAR). Month-over-month pending home sales rose in the Midwest, South and West, and declined in...
Builder confidence in the market for newly built single-family homes inched up by one point to 38 in March, following a revised upward one-point revision in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)....
A Phil Hall Op-Ed: On Friday late afternoon, the Trump administration abruptly dumped a pair of executive orders online with the headings “Promoting Access to Mortgage Credit” and “Removing Regulatory Barriers to Affordable Home Construction.” Why the White House...
Single-family housing starts in January were at a rate of 935,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This is 2.8% below the revised December figure of 962,000. Privately-owned housing starts in January...