Author: Eye On Housing

  1. Lower Interest Rates Stabilize Builder Confidence

    Buoyed by falling mortgage rates, builder confidence in the market for newly-built single-family homes rose two points to 58 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The gradual decline in mortgage…

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  2. OSB Leads Building Materials Prices Lower in December

    Overall, the price of materials inputs to residential construction declined 1.8% in December (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. While most building materials prices s…

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  3. CPI Slipped in December

    In December, a big drop in energy prices dragged down headline inflation below zero, while core inflation remained steady. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), declined by 0.1% in December on a seasonally ad…

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  4. Student and Auto Loans dominate Non-Mortgage Debt

    Preliminary consumer credit data for November 2018 released by the Federal Reserve Board’s G.19 Consumer Credit report, which exclude loans secured by real estate, indicate an increase in outstanding credit of about 6.75% (seasonally-adjusted annual ra…

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  5. November 30-Year Mortgage Rate Data

    Information compiled by Freddie Mac shows that mortgage rates continued to increase in the fall. The 30-year FRM – Commitment rate, inched up by four basis points to 4.87 percent from 4.83 percent in October. With the November increase, the 30-ye…

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  6. West Leads in Job Gains in November

    On an annual basis, total nonfarm employment in November increased by 2.5 million jobs, which is a 1.7% increase compared to November 2017. During this time, total nonfarm employment in the Western region increased by 2.3% and in the Southern region by…

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  7. Construction Job Openings Decline in November

    The count of unfilled jobs in the construction sector decreased in November, as building activity declined with higher interest rates at the end of 2018. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number …

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  8. Pending Home Sales Fall in November

    Pending home sales declined slightly in November on an annualized basis for the eleventh straight month. The Pending Home Sales Index decreased by 0.7% from 102.1 in October to 101.4 in November, and was 7.7% below the level one year ago. The Pending H…

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  9. NAHB 2019 “Priced Out” Estimates

    NAHB recently updated its priced out estimates for 2019. The new estimates show that, if the median U.S. new home price goes up by $1,000, 127,560 households would be priced out of the housing market nationwide. In other words, based on their incomes, …

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  10. Consumer Confidence Drops in December

    Following a modest decline in November, consumer confidence continued to decrease in December, driven mainly by weakened consumer expectations. The Consumer Confidence Index, reported by the Conference Board, fell by 6.1% from 136.4 to 128.1 in Decembe…

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