Archives
NONRESIDENTIAL CONSTRUCTION SPENDING REMAINS FLAT IN OCTOBER WHILE RESIDENTIAL CONSTRUCTION EXPANDS AS MANY COMMERCIAL...
Demand For Most Types of Nonresidential Projects Remains Flat Amid COVID-Uncertainty, Dwindling State and Local Budgets and the Lack of New Federal Coronavirus Relief Measures, Putting Jobs at Risk
Pending Home Sales Falter 2.2% in September
Pending home sales experienced a minor decline in September after four consecutive months of contract activity growth, according to the National Association of Realtors®. While all four major U.S. regions recorded notable year-over-year increases
Commercial/Multifamily Borrowing Falls 47 Percent in the Third Quarter of 2020
Commercial and multifamily mortgage loan originations were 47 percent lower in the third quarter compared to a year ago, and increased 12 percent from the second quarter of 2020
Atlanta REALTORS® Releases October 2020 Statistics on Housing Market
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its October 2020 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis
Metro Home Prices Increase in All Areas in Third Quarter of 2020
Every metro area tracked by the National Association of Realtors® during the third quarter of 2020 saw home prices increase from a year ago, according to NAR’s latest quarterly report, released today.
Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low
Record-low mortgage rates were not enough to offset inventory shortages and rising home prices as housing affordability continued to decline in the third quarter of 2020, according to the National Association of Home Builders (NAHB)
Mortgage Delinquencies Decrease in the Third Quarter of 2020
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.65 percent of all loans outstanding at the end of the third quarter of 2020, according to the Mortgage Bankers Association's
Share of Mortgage Loans in Forbearance Decreases to 5.67 Percent
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 16 basis points from 5.83% of servicers' portfolio volume in the prior week to 5.67%
CONSTRUCTION SECTOR ADDS 84,000 WORKERS IN OCTOBER, BUT GROWING NUMBER OF PROJECT CANCELLATIONS RISKS...
Both Residential and Nonresidential Contractors Added Jobs in October, but Total Construction Employment Remains 3.9 Percent Below February Peak as Pandemic Continues to Depress Demand
Existing-Home Sales Soar 9.4% to 6.5 Million in September
Existing-home sales grew for the fourth consecutive month in September, according to the National Association of Realtors®. Each of the four major regions witnessed month-over-month and year-over-year growth
September New Home Sales Pause Following Strong Summer Surge
Sales of newly built, single-family homes in September fell 3.5 percent to 959,000 from a downwardly revised August number, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau
Share of Mortgage Loans in Forbearance Decreases Slightly to 5.90%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 5.92% of servicers' portfolio volume in the prior week to 5.90%
DROP IN NONRESIDENTIAL CONSTRUCTION OFFSETS MOST RESIDENTIAL SPENDING GAINS AS GROWING NUMBER OF CONTRACTORS...
Association Officials Warn that Demand for Nonresidential Construction Will Slide Further without New Federal Relief Measures, Citing New Data Showing Most Contractors
Over 6 Million Renters and Homeowners and 26 Million Student Debt Borrowers Missed September...
Over 6 million households did not make their rent or mortgage payments and 26 million individuals missed their student loan payment in September, according to third-quarter 2020 research
September New Home Purchase Mortgage Applications Increased 38.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2020 shows mortgage applications for new home purchases increased 38.2 percent compared from a year ago. Compared to August 2020
Remodeling Industry Confidence Surges in Third Quarter
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) in the third quarter of 2020, posting a reading of 82. The finding is a signal of residential remodelers’ strong confidence in their markets, for projects of all
Atlanta REALTORS® Releases September 2020 Statistics on Housing Market
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its September 2020 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.
Share of Mortgage Loans in Forbearance Declines to 6.81%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 6 basis points from 6.87% of servicers' portfolio volume in the prior week to 6.81%
Single-Family Housing Continues Growth in August
Single-family starts showed continued growth in August but overall housing production fell 5.1 percent to a seasonally adjusted annual rate of 1.42 million units due to a double-digit percentage decline in multifamily production
CONSTRUCTION EMPLOYMENT DECLINED IN 39 STATES BETWEEN AUGUST 2019 AND 2020 WHILE 31 STATES...
Thirty-nine states lost construction jobs between August 2019 and August 2020 while 31 states and the District of Columbia added construction jobs between July and August according
