For Week Ending August 22, 2020 New construction activity continues to show strength, reaching pre-COVID-19 levels. The latest report from the Commerce Department and U.S. Housing and Urban Development shows total housing production is up 22.6% to a seasonally adjusted … Continue reading →

For Week Ending August 15, 2020 Weekly new unemployment insurance claims dropped below one million for the first time since March last week. More than 28 million people are receiving some form of unemployment benefits as of July 25th, which … Continue reading →

For Week Ending August 8, 2020 As the major stock market indexes continue to be at or near record highs, we find the housing market in high demand as well. Mortgage rates are still at or near record lows and … Continue reading →

For Week Ending August 1, 2020 While the Bureau of Economic Analysis reported this week that the US economy contracted at a 32.9% annual rate in Q2 2020, the housing market continues to show strength. Freddie Mac reported 30-year fixed-rate … Continue reading →

For Week Ending July 25, 2020 The Mortgage Bankers Association reported that their Purchase Index of mortgage applications was 19 percent higher than the same week one year ago. Continued high levels of home purchase mortgage applications suggests that home … Continue reading →