Author: Eye On Housing

  1. Texas Leads Job Gains in May

    Total nonfarm employment, seasonally adjusted (SA) increased by 2.4 million jobs, year-over-year (YoY), or 1.6% from May 2018 to May 2019. During this time, total nonfarm employment in the Western region increased by 2.0%. The South, Northeast, and Mid…

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  2. Minority Homeownership Rate Drops in the First Quarter of 2019

    Every quarter the US Census Bureau publishes results from its Housing Vacancies and Homeownership Survey (CPS/HVS). In the first quarter of 2019 the U.S. homeownership rate stood at 64.2 percent, unchanged from its level during the same time last year,…

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  3. A Nation of Builders

    Every year the National Association of Home Builders conducts a member census to better understand the composition and characteristics of the people who belong to its organization. In 2018, 32 percent of NAHB’s members were builders—those whose primary…

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  4. Refinance Activity Surges on a Year-over-Year Basis

    Data from the latest survey of the Mortgage Bankers Association’s Weekly Application Survey show small year-over-year gains in purchasing activity and larger year-over-year gains in refinancing activity. The Primary Market Mortgage Survey indicated no …

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  5. Housing Starts Relatively Flat in May

    Total housing starts posted a 0.9 percent decrease in May (1.269 million units) compared to an upwardly revised April estimate of 1.281 million units, according to the joint data release from the Census Bureau and HUD. Relative to May 2018, total start…

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  6. Builder Confidence Solid in June Amidst Growing Economic Uncertainty

    Builder confidence in the market for newly-built single-family homes fell two points to 64 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Sentiment levels have held at a solid range in the…

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  7. Single-Family Permit Continues To Be Weak in April

    Over the first four months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 261,119. On a year-over-year basis, this is a 6.5% decline over the April 2018 level of 279,302. Year-to-date ending in April, si…

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  8. Homeowners Cautious with Lines of Credit Despite Equity Gains

    The current release of the Federal Reserve’s Z.1 Financial Accounts report of the U.S., also known as the flow of funds report, shows a continuing increase in the market value of households in the U.S. Mortgage debt continues to expand as well, albeit …

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  9. CPI Growth Slows in May

    In May, headline inflation rose slower relative to April, while core inflation remained unchanged. On a seasonally adjusted basis, the Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), rose by 0.1% in May, after a 0.3% incre…

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  10. Building Materials Prices Flat as Gypsum, Lumber Slow Aggregate Growth

    Prices paid for goods used in residential construction did not change in May (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. As a result, building materials prices have grown much…

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