Homebuilder Confidence

March 17, 2020 Homebuilder confidence declined 2 points in March to 72 after falling 1 point in February to 74 after having declined 1 point in January.  The December level of 76 was the highest reading since June 1999. NAHB Chairman Dean Mon said that, “Steady job...

Homeownership Rates

February 12, 2020 .Home ownership rose 0.3% in the fourth quarter of last year to 65.1% after having climbed 0.7% in the third quarter.  It hit a low of 62.9% in the second quarter of 2016 but has risen considerably in the past 2-1/2 years. The upswing in home...

Mortgage Loans

January 20, 2020 Real estate loans rose at a 3.9% pace in December after  having risen 5.5% in November (the light blue bars).   Over the course of the past year mortgage lending has risen 4.0% (the dark blue line). Total loan growth in the past year has been slightly...

Mortgage Rate

November 26, 2019 Right after the election in November 2016 mortgage rates  jumped quickly from 3.5% to 4.2% as market participants believed that President Trump’s proposed individual and corporate income tax cuts.  repatriation of corporate earnings currently...