Recent Mortgage Rate Decreases Welcomed by Housing Market, But Activity Remains Low Net New Listing and Contract Value are Trending at Multi-Year Seasonal Lows Inventory Levels Higher Than Same Period in Previous Years, But Remain Historically Low November 29, 2023 11:15 AM Eastern Standard Time SAN FRANCISCO–(BUSINESS WIRE)–HouseCanary, Inc. (“HouseCanary”), a national brokerage known for
Econ & Housing
By Robert Dietz on November 29, 2023 • The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the third quarter of 2023 as interest rates increased and financial conditions tightened. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions declined by 2.8% during the third quarter.
Realtor.com chief economist Danielle Hale discusses the real estate market on ‘Mornings with Maria.’ After a few years of recurring obstacles in the real estate industry, homebuyers are being presented with another challenge: a housing inventory shortage. “We’ve got a big hole to dig out of,” Realtor.com chief economist Danielle Hale said while discussing the
Data on new residential sales is released monthly by the Census Bureau, detailing the number of new single-family houses sold in a given month in the United States. Source: http://www.census.gov/construction/nrs/ Data Release: http://www.census.gov/construction/nrs/pdf/newressales.pdf Federal policy has long played a role in homeownership. The homeownership rate, released by the Census Bureau quarterly, is an important indicator for the
U.S. house prices rallied again in the third quarter of 2023. In fact, home prices rose 2.1% quarter over quarter and 5.5% year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Month over month, the FHFA’s seasonally adjusted monthly index ticked up 0.6% in September. “U.S. house price
There are many macro and industry fundamentals that can move building-products equities. This article considers rates, mortgage spreads, recent affordability trends, starts, and home sale counts. Much of this data is on the FactSet workstation. These fundamentals cut across several industries, including homebuilders, suppliers, distributors, residential REITs, and commodities.
