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  1. Serious Delinquency Rate Continues its Decline

    The most recent results of the National Delinquency Survey produced by the Mortgage Bankers Association (MBA) show that, as of the 4th quarter of 2018, mortgage servicers serviced 29.9 million non-government-insured mortgages, also known as conventiona…

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  2. What Do Vacancy Rates Tell Us about the Shortage of Housing?

    Vacancy rates are one of the key statistics NAHB Economics tracks to judge the health and direction of the housing market. The currently low homeowner and rental vacancy rates are typically interpreted as a sign of tight housing markets, with lower vac…

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  3. Gypsum, OSB, and Softwood Lumber Prices Decline in January

    Overall, the price of goods used in residential construction declined 0.5% in January (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. In contrast to December–when prices pai…

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  4. Housing Affordability Holds Steady at a 10-Year Low in the Fourth Quarter

    A modest increase in interest rates offset a slight decline in home prices to keep housing affordability essentially level in the fourth quarter of 2018 and still hovering at a 10-year low, according to the National Association of Home Builders (NAHB)/…

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  5. Home Prices Are the Principal Barrier to Homeownership

    As revealed in a previous post, 58% of buyers actively searching for a home to buy in the fourth quarter of 2018 have been looking – unsuccessfully – for three months or longer. Why is it taking these buyers that long to pull the trigger?  The most imp…

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  6. Energy Prices Continue to Fall

    The CPI was unchanged in January. The decrease in energy prices in January offset increases in the “core” CPI and the food index. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), was unchanged in January on a seasonally…

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  7. Construction Job Openings Jump in December

    Despite the housing-focused slowdown during the second half of 2018, the count of unfilled jobs in the construction sector surged in December. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open con…

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  8. Characteristics of Recent Home Buyers

    A total of 8.8 million households bought homes in the two years preceding the release of the 2017 American Housing Survey (AHS).  For its February Special Study, the National Association of Home Builders used the 2017 AHS to analyze trends among recent…

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  9. Share of Active Buyers Declines From 67% to 54% in a Year

    Most people start thinking about and planning a home purchase well in advance of actually engaging in the process of finding a home. In a national poll in the final quarter of 2018, 13% of adults reported planning a home purchase within the next year. …

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  10. Interest Rates on Consumer Credit Increase by the End of 2018

    The latest data from the Federal Reserve Board’s G.19 Consumer Credit report show that all non-mortgage consumer credit, i.e., excluding loans secured by real estate, increased 5.0% in December, with revolving and nonrevolving credit increasing 2.0% an…

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