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  • Thu, May 21 2020
  • 8:34 AM » Weekly jobless claims rose 2.438 million, vs 2.4 million estimate
    Published Thu, May 21 2020 8:34 AM by CNBC
    Weekly jobless claims rose 2.438 million, vs 2.4 million estimate<br/>https://www.cnbc.com/2020/05/21/us-weekly-jobless-claims.html
  • 8:14 AM » Treasury yields fall ahead of jobless claims data as global coronavirus cases spike
    Published Thu, May 21 2020 8:14 AM by CNBC
    U.S. government debt prices were higher Thursday morning as investors tried to gauge the likelihood of a sharp rebound ahead of a slew of economic data.
  • 8:04 AM » Black Knight: National Mortgage Delinquency Rate Increased Sharply in April, "Largest Single-Month Increase Ever Recorded"
    Published Thu, May 21 2020 8:04 AM by Calculated Risk Blog
    Note: Loans in forbearance are counted as delinquent in this survey, so the delinquency rate jumped in April. From Black Knight: Black Knight's First Look: Past-Due Mortgages Increase by 1.6 Million in April, Largest Single-Month Increase Ever Recorded; Delinquency Rate Nearly Doubles • 3.6 million homeowners were past due on their mortgages as of the end of April, the largest number since January 2015 • The number includes both homeowners past due on mortgage payments who are not in forbearance, as well as those in forbearance plans who did not make an April mortgage payment • At 6.45%, the national delinquency rate nearly doubled (+3.06%) from March , the largest single-month increase ever recorded, and nearly three times the previous single-month record set back in late 2008 • There were declines in cure activity among later-stage delinquencies as well, with the number of seriously delinquent mortgages (90+ days) increasing by 56,000 (+14%) from March • Both foreclosure starts and foreclosure sales hit record lows in April as moratoriums halted foreclosure activity across the country emphasis added According to Black Knight's First Look report for March, the percent of loans delinquent increased 90.2% in April compared to March, and increased 85.8% year-over-year. The percent of loans in the foreclosure process decreased 3.8% in April and were down 19.3% over the last year. Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 6.45% in April, up from 3.39% in March. The percent of loans in the foreclosure process decreased in April to 0.40% from 0.42% in March. The number of delinquent properties, but not in foreclosure, is up 1,558,000 properties year-over-year, and the number of properties in the foreclosure process is down 48,000 properties year-over-year. Black Knight: Percent Loans Delinquent and in Foreclosure Process   Apr 2020 Mar 2020 Apr 2019 Apr 2018 Delinquent...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:03 AM » How Low Will Mortgage Rates Go? They're Now Below 3 Percent If You Know Where To Look
    Published Thu, May 21 2020 8:03 AM by www.realtor.com
    Mortgage rates have reached record lows, and now many housing experts are predicting they'll continue falling to the 2% range. The post How Low Will Mortgage Rates Go? They’re Now Below 3 Percent If You Know Where To Look appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • Wed, May 20 2020
  • 4:22 PM » U.S. housing finance regulator unveils new capital framework for Fannie, Freddie
    Published Wed, May 20 2020 4:22 PM by Reuters
    WASHINGTON, May 20 (Reuters) - The U.S. regulator charged with overseeing housing giants Fannie Mae and Freddie Mac unveiled Thursday a proposed rewrite of rules boosting how much capital the pair must hold to weather a downturn.
  • 3:08 PM » S&P 500 hits two-month high on growing recovery hopes
    Published Wed, May 20 2020 3:08 PM by Reuters
    The S&P 500 hit more than a two-month high on Wednesday as signs of additional economic stimulus raised hopes of a swift recovery from a coronavirus-driven slump.
  • 2:16 PM » Bidding wars in a pandemic? Housing is heating up fast
    Published Wed, May 20 2020 2:16 PM by CNBC
    After the housing market nearly shut down in April, competition is back with a fury. States are loosening social distancing restrictions and homebuyers are rushing out to open houses again. The trouble is, they're not finding much to buy.
  • 2:15 PM » Federal Reserve releases meeting minutes from April meeting
    Published Wed, May 20 2020 2:15 PM by CNBC
    Federal Reserve releases meeting minutes from April meeting<br/>https://www.cnbc.com/2020/05/20/fed-minutes-released.html
  • 1:23 PM » WHO reports most coronavirus cases in a day as cases approach five million
    Published Wed, May 20 2020 1:23 PM by Reuters
    The World Health Organization expressed concern on Wednesday about the rising number of new coronavirus cases in poor countries, even as many rich nations have begun emerging from lockdown.
  • 1:23 PM » Tax return filings crater as Americans are holding off until July 15
    Published Wed, May 20 2020 1:23 PM by CNBC
    The Treasury Department and the IRS gave taxpayers three more months to submit their 2019 returns and pay any amounts due. Americans are taking advantage of the extra time, as returns submitted fell by nearly 10% year over year.
  • 1:16 PM » About Half Of U.S. Homes Lost Wages During Pandemic, Census Bureau Finds
    Published Wed, May 20 2020 1:16 PM by www.npr.org
    Because of COVID-19, 47% of adults say their households have lost employment income and close to 40% have delayed getting medical care, according to the first results of a new Census Bureau survey.
  • 12:00 PM » Census: Household Pulse Survey shows 47.5% of Households lost Income
    Published Wed, May 20 2020 12:00 PM by Calculated Risk Blog
    From the Census Bureau: Measuring Household Experiences during the Coronavirus (COVID-19) Pandemic The U.S. Census Bureau, in collaboration with five federal agencies, is in a unique position to produce data on the social and economic effects of COVID-19 on American households. The Household Pulse Survey is designed to deploy quickly and efficiently, collecting data to measure household experiences during the Coronavirus (COVID-19) pandemic. Data will be disseminated in near real-time to inform federal and state response and recovery planning. Data collection for the Household Pulse Survey began on April 23, 2020. The Census Bureau will collect data for 90 days, and release data on a weekly basis. (For the first release, the Census Bureau anticipates it will take two weeks after the first week of data collection to prepare and weight the data; subsequent releases will then be made on a weekly basis.) This will be updated weekly, and the Census Bureau released the first survey results today. This survey asks about Loss in Employment Income, Expected Loss in Employment Income, Food Scarcity, Delayed Medical Care, Housing Insecurity and K-12 Educational Changes. Click on graph for larger image. This survey will be useful in tracking the "opening" of the economy. This is the first release. The data was collected between April 23 and May 12, 2020. The data will be updated weekly for the next 90 days.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:38 AM » U.S. Births decreased in 2019, "Lowest number of births since 1985"
    Published Wed, May 20 2020 11:38 AM by Calculated Risk Blog
    From the National Center for Health Statistics: Births: Provisional Data for 2019 . The NCHS reports: The provisional number of births for the United States in 2019 was 3,745,540, down 1% from the number in 2018 (3,791,712). This is the fifth year that the number of births has declined after the increase in 2014, down an average of 1% per year, and the lowest number of births since 1985. The provisional general fertility rate (GFR) for the United States in 2019 was 58.2 births per 1,000 females aged 15-44, down 2% from the rate in 2018 (59.1), another record low for the nation. From 2014 to 2019, the GFR declined by an average of 2% per year. The birth rate for teenagers in 2019 was 16.6 births per 1,000 females aged 15-19, down 5% from 2018 (17.4), reaching another record low for this age group. The rate has declined by 60% since 2007 (41.5), the most recent period of continued decline, and 73% since 1991, the most recent peak. Here is a long term graph of annual U.S. births through 2018. Click on graph for larger image. Births have declined for five consecutive years following increases in 2013 and 2014. Note the amazing decline in teenage births. With fewer births, and less net migration, demographics will not be as favorable as I was expecting a few years ago. There is much more in the report .
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:41 AM » 41% of Redfin Offers Faced Bidding Wars in Late April, Early May Amid Coronavirus Pandemic
    Published Wed, May 20 2020 9:41 AM by www.redfin.com
    The coronavirus pandemic has contributed to a severe shortfall in housing supply, which has led to a significant bidding-war rate. The post 41% of Redfin Offers Faced Bidding Wars in Late April, Early May Amid Coronavirus Pandemic appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 9:12 AM » Dallas Fed President Robert Kaplan says more fiscal help will be needed including aid to states
    Published Wed, May 20 2020 9:12 AM by CNBC
    Dallas Fed President Robert Kaplan says more fiscal help will be needed including aid to states<br/>https://www.cnbc.com/2020/05/20/dallas-fed-president-robert-kaplan-says-more-fiscal-help-will-be-needed-including-aid-to-states.html
  • 8:49 AM » 22% of Builders Reduced Home Prices in April 2020
    Published Wed, May 20 2020 8:49 AM by eyeonhousing.org
    The housing market did not escape the pain and contraction experienced by the US economy in April 2020 as a result of the lockdown orders issued by state and local governments to mitigate the effects of the COVID-19 pandemic. Builder confidence posted a historic decline and there were broad declines for housing starts. In recent weeks, there has been anecdotal... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 8:05 AM » Homebuilding stocks rise despite plunge in housing starts — how two traders would play the move
    Published Wed, May 20 2020 8:05 AM by CNBC
    As the iShares U.S. Home Construction ETF climbs after a five-year low in housing starts, two traders share how they would trade the homebuilders.
  • Tue, May 19 2020
  • 4:43 PM » Small Gain for Custom Home Building During 1Q20
    Published Tue, May 19 2020 4:43 PM by eyeonhousing.org
    NAHB's analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building posted a small increase during the first three months of the year, supported by low interest rates and unseasonably mild weather in January and February. While housing construction starts declined in March, and considerably more in April, on net the first quarter... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 3:54 PM » Merrill: "Most of the slowdown occurred due to voluntary social distancing rather than lockdown policies"
    Published Tue, May 19 2020 3:54 PM by Calculated Risk Blog
    This is an important note and suggests the economy is dependent on the course of the pandemic. Merrill Lynch economists put out a note this morning: Nordic Lessons. Here are a few brief excerpts: One of our core views is that both voluntary and mandated social distancing have significant impacts on the economy. A new academic paper out of the University of Copenhagen and CEBI quantifies the effect of each kind of social distancing on consumer spending during the COVID-19 pandemic. ... Let us start with the facts. The outbreak began at the end of February in Denmark and Sweden. Since then the two countries have diverged significantly in terms of health care outcomes. As of May 18, Denmark had 95 deaths per million people, while Sweden (363 per million) has had among the highest COVID-19 mortality rates in the world.  This difference points to a large healthcare benefit from lockdown policies. What about the economic costs? The paper finds that consumer spending dropped by 25% in Sweden and by 29% in Denmark. The 4pp difference between the two declines quantifies the cost of lockdown policies. While 4% of consumer spending is not trivial, it is a small share of the total decrease in consumer spending. Therefore the data indicate that most of the slowdown occurred due to voluntary social distancing rather than lockdown policies . ... If the paper's results are applicable to other countries, they have important implications for the economic outlook. Even as restrictions are lifted, consumer spending will likely remain highly impaired, with services getting hit the hardest. Ending lockdowns might also limit the activity of more vulnerable people, further delaying the recovery. In summary, the economic downturn has been primarily because of the virus, not the policy response . emphasis added
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:39 PM » Senators Clash Over How Soon To Reopen The Economy
    Published Tue, May 19 2020 2:39 PM by www.npr.org
    Senators squabbled over how quickly the economy can rebound from the coronavirus shutdown, and whether the government is doing enough to support struggling families and businesses.
  • 2:30 PM » Fannie Mae's Update on Eligibility For Those Affected by Coronavirus
    Published Tue, May 19 2020 2:30 PM by Fannie Mae
    The purpose of this Lender Letter is to address a number of questions and concerns that industry partners have raised to us. We are working closely with Freddie Mac under the guidance of FHFA to offer temporary measures to help ensure lenders have the clarity and flexibility to continue to lend in a prudent and responsible manner.
  • 1:08 PM » Sacramento Housing in April: Sales decline 32% YoY, Active Inventory down 15% YoY
    Published Tue, May 19 2020 1:08 PM by Calculated Risk Blog
    As expected, the housing market slumped in April. There is some evidence of a pickup in activity recently, but any lasting resurgence will be dependent on the course of the pandemic. Note that April sales are for contracts typically signed in February and March.  So the report for May will probably be even worse (based on March and April contracts). From SacRealtor.org: April 2020 Statistics - Sacramento Housing Market - Single Family Homes April closed with 1,013 sales, down 13.4% from the 1,170 sales in March. Compared to one year ago (1,496), the current figure is a 32.3% drop . ... The Active Listing Inventory increased 10% from March to April, from 1,658 units to 1,823 units. Compared with April 2019 (2,094), inventory is down 14.9% . The Months of Inventory increased from 1.4 to 1.8 Months. This figure represents the amount of time (in months) it would take for the current rate of sales to deplete the total active listing inventory. ... The Median DOM (days on market) decreased from 8 to 7 and the Average DOM decreased from 26 to 16. "Days on market" represents the days between the initial listing of the home as "active" and the day it goes "pending." emphasis added 1) Overall sales decreased to 1,013 in April, down 32.3% from 1,496 in April 2019. Sales were down 13.4% from March 2020 (previous month). 2) Active inventory was at 1,823, down from 2,094 in April 2019. That is down 14.9% year-over-year.  This is the twelfth consecutive month with a YoY decline in inventory.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:08 PM » Most real estate trusts are still getting their rent, except in the retail sector
    Published Tue, May 19 2020 1:08 PM by CNBC
    The economic effects of the coronavirus outbreak continue to roil real estate markets, but properties owned by real estate investment trusts (REITs) are still getting most of their rent. The glaring exception is retail.
  • 1:07 PM » Freddie Update on Eligibility for Homeowners in Forbearance
    Published Tue, May 19 2020 1:07 PM by Freddie Mac
    We continue to work closely with Fannie Mae under the guidance of the FHFA to address the ongoing economic implications and uncertainty related to the coronavirus disease (COVID-19) pandemic and its impacts on Borrowers and the Mortgage origination process.
  • 11:26 AM » Powell, Mnuchin face Senate grilling on U.S. coronavirus response
    Published Tue, May 19 2020 11:26 AM by Reuters
    The U.S. government's handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee.
  • 10:15 AM » FHFA Announces Refinance and Home Purchase Eligibility for Borrowers in Forbearance
    Published Tue, May 19 2020 10:15 AM by FHFA
    FHFA Announces Refinance and Home Purchase Eligibility for Borrowers in Forbearance
  • 9:51 AM » Trump wants 7.6% payroll tax cut to help staunch coronavirus economic pain: Kudlow
    Published Tue, May 19 2020 9:51 AM by Reuters
    White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump wants to see a 7.6% cut in the U.S. payroll tax, hoping it will help staunch economic pain caused by the COVID-19 pandemic.
  • 8:47 AM » Housing Starts decreased to 891 Thousand Annual Rate in April
    Published Tue, May 19 2020 8:47 AM by Calculated Risk Blog
    From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately-owned housing starts in April were at a seasonally adjusted annual rate of 891,00 0. This is 30.2 percent below the revised March estimate of 1,276,000 and is 29.7 percent below the April 2019 rate of 1,267,000. Single-family housing starts in April were at a rate of 650,000; this is 25.4 percent below the revised March figure of 871,000. The April rate for units in buildings with five units or more was 234,000. Building Permits: Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,074,000. This is 20.8 percent below the revised March rate of 1,356,000 and is 19.2 percent below the April 2019 rate of 1,330,000. Single-family authorizations in April were at a rate of 669,000; this is 24.3 percent below the revised March figure of 884,000. Authorizations of units in buildings with five units or more were at a rate of 373,000 in April. emphasis added Click on graph for larger image. The first graph shows single and multi-family housing starts for the last several years. Multi-family starts (red, 2+ units) were down in April compared to March.   Multi-family starts were down 40.2% year-over-year in April. Multi-family is volatile month-to-month, and  had been mostly moving sideways the last several years. Single-family starts (blue) decreased in April, and were down 24.8% year-over-year. The second graph shows total and single unit starts since 1968. The second graph shows the huge collapse following the housing bubble, and then eventual recovery (but still historically low). Total housing starts in April were below expectations, however starts in March were revised up. Residential construction is considered an essential business, and held up better than some other sectors of the economy, but was still negatively impacted by COVID-19. I'll have more later
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:05 AM » Unemployment is nearing Great Depression levels. Here's how the eras are similar — and different
    Published Tue, May 19 2020 8:05 AM by CNBC
    The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early 20th century in a few ways that may prevent the U.S. from entering another depression.
  • 8:05 AM » Powell, Mnuchin to face Senate grilling on U.S. coronavirus response
    Published Tue, May 19 2020 8:05 AM by Reuters
    The U.S. government's handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee.
  • Mon, May 18 2020
  • 4:50 PM » Tomorrow's Powell Testimony is Out Now
    Published Mon, May 18 2020 4:50 PM by Federal Reserve
    I would like to begin by acknowledging the tragic loss and tremendous hardship that people are experiencing both here in the United States and around the world. The coronavirus outbreak is, first and foremost, a public health crisis, with the most important responses coming from those on the front lines in hospitals, emergency services, and care facilities. On behalf of the Federal Reserve, let me express our sincere gratitude to those individuals who put themselves at risk day after day in service to others and to our nation.
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 4:41 PM » New cases? Deaths? U.S. states' reopening plans are all over the map
    Published Mon, May 18 2020 4:41 PM by Reuters
    Washington, D.C. Mayor Muriel Bowser has set some distinct goals the federal district needs to meet in order for her to feel comfortable ending a stay-at-home order, she told reporters last week.
  • 4:39 PM » More than 8% of U.S. mortgages now in forbearance: MBA weekly survey
    Published Mon, May 18 2020 4:39 PM by Reuters
    Roughly 4.1 million U.S. mortgage borrowers have had their payments paused or reduced as the novel coronavirus outbreak hits household finances, but the increase in the number of people needing such help is slowing, the latest weekly survey from the Mortgage Bankers Association showed on Monday.
  • 3:45 PM » Powell is correct that the Fed is not out of ammunition 'by a long shot'
    Published Mon, May 18 2020 3:45 PM by CNBC
    All told, the Fed has been given the ability to put some $2.6 trillion to work of which it has deployed about $100 billion.
  • 3:29 PM » S&P 500 hits 10-week high on vaccine hopes and stimulus promise
    Published Mon, May 18 2020 3:29 PM by Reuters
    U.S. stocks jumped on Monday, and the S&P 500 reached a 10-week high, on encouraging early-stage data for a potential coronavirus vaccine and on the promise of more stimulus to lift an economy beaten down by the pandemic.
  • 1:47 PM » U.S. coronavirus cases top 1.5 million, infections rise in some southern states
    Published Mon, May 18 2020 1:47 PM by Reuters
    The number of COVID-19 cases in the United States exceeded 1.5 million on Monday, as total deaths caused by the new coronavirus approached 90,000, according to a Reuters tally of state and county figures.
  • 12:44 PM » New York City rents likely to go lower due to coronavirus crisis, says real estate appraiser
    Published Mon, May 18 2020 12:44 PM by CNBC
    Rental prices in New York City could be heading lower as landlords try to get prospective tenants to sign new leases, the CEO of real estate appraiser Miller Samuel told CNBC.
  • 12:29 PM » Homebuyer Demand Outpaced Supply Mid-Pandemic, Leading to Lower Sales and Preventing Price Declines
    Published Mon, May 18 2020 12:29 PM by www.redfin.com
    The effects of the coronavirus pandemic and subsequent shutdowns hit the housing market in full force in April. The post Homebuyer Demand Outpaced Supply Mid-Pandemic, Leading to Lower Sales and Preventing Price Declines appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 12:05 PM » CAR on California April Housing: Sales down 30% YoY, Listing down 25% YoY
    Published Mon, May 18 2020 12:05 PM by Calculated Risk Blog
    The CAR reported: California housing market feels full brunt of coronavirus outbreak in April, C.A.R. reports alifornia home sales dropped sharply in April from both the previous month and year as the housing market began to feel the full impact of the coronavirus outbreak and the state's stay-at-home order, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 277,440 units in April, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2020 if sales maintained the April pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. April's sales total was down 25.6 percent from the 373,070 level in March and down 30.1 percent from a year ago . It was the first time home sales dropped below the 300,000 level since March 2008, and the month-to-month drop was the largest since at least 1979, when C.A.R. began tracking this data. Additionally, the year-over-year decline was the first double-digit loss in 15 months and the largest decrease since December 2007. "As expected, California home sales experienced the worst month-to-month sales decline in more than four decades as the coronavirus pandemic prompted stay-at-home orders, which kept both buyers and sellers on the sidelines," said 2020 C.A.R. President Jeanne Radsick, a second-generation REALTOR® from Bakersfield, Calif. "While some economic activity will resume as the state gradually reopens, the housing market is expected to remain sluggish for the next couple of months as potential market participants deal with the impact of stay-in-place restrictions." ... C.A.R.'s Unsold inventory Index jumped to 3.4 months in April from 2.7 months in...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:17 AM » NAHB: Builder Confidence Increased to 37 in May
    Published Mon, May 18 2020 10:17 AM by Calculated Risk Blog
    The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 37, up from 30 in April. Any number below 50 indicates that more builders view sales conditions as poor than good. From NAHB: Builder Confidence Posts Solid Gain Following Last Month's Historic Drop In a signal that the housing market is showing signs of stabilizing and gradually moving forward in the wake of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes increased seven points to 37 in May , according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The rise in builder sentiment follows the largest single monthly decline in the history of the index in April. "The fact that most states classified housing as an essential business during this crisis helped to keep many residential construction workers on the job, and this is reflected in our latest builder survey," said NAHB Chairman Dean Mon. "At the same time, builders are showing flexibility in this new business environment by making sure buyers have the knowledge and access to the homes they are seeking through innovative measures such as social media, virtual tours and online closings." "Low interest rates are helping to sustain demand," said NAHB Chief Economist Robert Dietz. "As many states and localities across the nation lift stay-at-home orders and more furloughed workers return to their jobs, we expect this demand will strengthen. Other indicators that suggest a housing rebound include mortgage application data that has posted four weeks of gains and signs that buyer traffic has improved in housing markets in recent weeks. However, high unemployment and supply-side challenges including builder loan access and building material availability are near-term limiting factors." ... All the HMI indices posted gains in May. The HMI index gauging current sales conditions increased six points to 42, the component...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
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