Even though lumber prices have recently declined, the National Association of Home Builders (NAHB) says builders are facing some of the fastest increases of other building material costs in history . The latest Producer Price Index (PPI) from the Bureau of Labor Statistics (BLS) shows an 0.2 percent increase in the prices of goods used in residential construction (with the exception of food and energy costs) in July. Those costs had increased 3.0 percent in June. David Logan posted in NAHB's Eye on Housing blog that the BLS index shows those building costs have declined only twice since December 2019 and have climbed by 19.4 percent over the past 12 months. As an aside, when food and energy are included, the index is up 22.3 percent year-over-year. For the year-to-date (YTD), the index shows

August 13, 2021 Download our Mobile App: Download our Mobile App: Housing News Construction Material Costs are Setting New Records Even though lumber prices have recently declined, the National Association of Home Builders (NAHB) says builders are facing some of the fastest increases of other building material costs in history . The latest Producer Price Index (PPI) from the Bur... (read more) Housing News Forbearance Plans Drop Below 1.8M The number of loans in forbearance dropped by 83,000 over the last week. This is on top of a 71,000 loan reduction during the first few days of August. Black Knight reminds that this type of change is typical at the beginning of each month as service... (read more) Rob Chrisman Customer Service, AE, MLO, Sales Mgt.; LOS, Sales, Workflow Tools; Lender Earnings Dissected: What is an IRLC? As potential buyers of odd properties cogitate on Boston’s Skinny House (reportedly built to spite the owner’s neighbor & brother), and our industry mulls over Fannie’s decision to include rent payments in its credit decision, s... (read more) Mortgage Rates Mortgage Rates Catch a Break, But Will It Last? 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries MBS Live Recap: Unexpected Snowball Rally After Consumer Sentiment Data UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 9:49PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 9:49PM EST Latest Video The 2pm Bond Report - August 13, 2021 Export prices up more-than-expected while import prices miss estimates Consumer sentiment hits lowest level since 2011 amid delta variant concerns Lumber prices fall after previous supply crunch Around the Web CNBC CDC panel unanimously recommends Covid vaccine booster shots for vulnerable Americans Calculated Risk Blog Early Q3 GDP Forecasts: Around 6% to 7% with "Significant downside risk" CNBC U.S. Supreme Court strikes down part of New York's eviction ban Redfin Housing Market Update: Balance is Slowly Returning as Homebuying Demand Moderates Calculated Risk Blog San Diego Real Estate in July: Sales Down 4% YoY, Inventory Down 42% YoY CNBC Markets no longer fear inflation and stocks will continue to rally, HSBC says CNBC Treasury yields fall following mixed economic data Reuters Stocks hold near highs; Treasury yields, dollar firm as tapering debate dominates Calculated Risk Blog Maryland Real Estate in July: Sales Down 3% YoY, Inventory Down 31% YoY The Basis Point Zillow deep dive into just about every stat on U.S. home renters you'd want to know National Associattion of Realtors 94% of Metro Areas Saw Double-Digit Price Growth in Second Quarter of 2021 Calculated Risk Blog Hotels: Occupancy Rate Down 8% Compared to Same Week in 2019 CNBC U.S. jobless claims total 375,000, matching estimate

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