The U.S. Census Bureau says July's expenditures on all types of construction was at a seasonally adjusted rate of $1.569 trillion compared to $1.563 trillion in June. This is an increase of 0.3 percent and 9.0 percent higher than expenditures in July 2020. On a non-adjusted basis, total spending for the month was $144.046 billion, up from $141.545 billion the previous month. For the year-to-date (YTD), spending has totaled $883.208 billion, a 6.2 percent increase over spending in the first seven months of 2020. With the exception of residential, spending in every construction category is down YTD. The biggest deficits are in spending on office construction and public safety. Both are just over 30 percent below their levels during the same period last year. Privately funded construction spending

September 2, 2021 Download our Mobile App: Download our Mobile App: Housing News Construction Spending: Residential is Only Game in Town The U.S. Census Bureau says July's expenditures on all types of construction was at a seasonally adjusted rate of $1.569 trillion compared to $1.563 trillion in June. This is an increase of 0.3 percent and 9.0 percent higher than expenditures in July... (read more) Housing News HUD Unveils Multi-Agency Affordable Housing Plans The Department of Housing and Urban Development (HUD) has announced a series of actions aimed at assisting in the Biden Administrations goal of creating, preserving, and selling about 100,000 affordable houses over the next three years. The following... (read more) Rob Chrisman Corresp. Mgt., AE, MLO Jobs; Pricing, Cap. Mkts., Sales Tools; Appraisal M&A; Disaster Updates; Comp Survey “Yeah, I think I’ll put up some plywood and buy some water and just wait out this supposed hurricane. Those scientist/weather people are just exaggerating things.” Forgetting parallel comments about viruses, here is a quick snippet ... (read more) Mortgage Rates Mortgage Rates Barely Changed Ahead of Important Jobs Report 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: Particularly Calm Before a Particularly Important NFP 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: 7/5 3:32PM 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: 7/5 3:32PM EST Latest Video Bank of America's Bolland on housing market, digital banking and state of c... The 2pm Bond Report - September 2, 2021 What to expect from August's jobs report Morgan Stanley cuts third quarter GDP forecast Around the Web Calculated Risk Blog Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in June CNBC Here's why experts believe the U.S. is in a housing boom and not a bubble National Associattion of Realtors Affordable Housing Concerns and Food Insecurity Linked, NARReport Finds Calculated Risk Blog Hotels: Occupancy Rate Down 8% Compared to Same Week in 2019 Calculated Risk Blog August Vehicles Sales Decreased to 13.06 Million SAAR Calculated Risk Blog Trade Deficit Decreased to $70.1 Billion in July CNBC Housing advocates warn of 'perfect storm' for tenants as eviction bans, unemployment benefits end CNBC Jobless claims total 340,000 vs. estimate 345,000 CNBC European Central Bank to announce tapering in December, analysts say CNBC Treasury yields move lower ahead of initial jobless claims Redfin Housing Market Update: 9% Increase in Pending Home Sales is Slowest Growth Since June 2020 Calculated Risk Blog Zillow Case-Shiller House Price Forecast: 20%+ Year-over-year in July CNBC Private payrolls increase by just 374,000 in August, far short of the 600,000 estimate, ADP says

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