Page 2 - Industry Forecasting News Today

The number of homes for sale nationwide rose 2% in June, the first annual increase since July 2019, before the pandemic triggered a homebuying frenzy, which sent many would-be buyers into bidding...

Apartment sales contracts for Manhattan nearly plunged by 30 percent last month compared with June 2021, as the ...

Unemployment in construction remains low, but jobs in the sector were added at a slower clip in June, according to Friday's U.S. jobs report.

U.S. mortgage rates fell for the second consecutive week after a rapid rise in June, latest data from Freddie Mac shows.

Amid extremely volatile markets, 41-year high inflation and investors increasingly worried about a potential recession, July 6 brought a slew of economic data, which underscored that while nothing...

Mortgage application activities declined during the week ended July 1 after three straight weeks of improvement. The Mortgage Bankers Association (MBA) said many businesses closed early last Friday in anticipation of the long Independence Day weekend which may have contributed to the slowdown. MBA’s Market Composite Index, a measure of mortgage loan application volume, decreased 5.4 percent on a seasonally adjusted basis compared to the prior week but was 6 percent higher on an unadjus...

Mortgage application volume increased during the week ended June 10 after four straight weeks of declines. However, the overall gains shown by data from the Mortgage Bankers Association’s (MBA’s) weekly Mortgage Applications Survey was only a resumption of application activity patterns two weeks earlier. The business week ended June 3 was shorted by the Memorial Day holiday. MBA’s Market Composite Index, a measure of loan application volume, increased 6.6 percent on a seaso...

Mortgage applications sank to their lowest level since the turn of the century earlier this month as the combination of rising mortgage rates, low housing inventory, skyrocketing inflation and...

The Mortgage Bankers Association (MBA) publishes a monthly index that attempts to quantify how tight or loose lending standards are compared to a common baseline.  The Mortgage Credit Availability Index (MCAI) is calculated based on several factors including but not limited to credit score, loan type, and loan-to-value ratio.   The MCAI declined 0.9 percent in May to levels that are right in line with the lowest since 2014.  The most recent mo...

A measure of mortgage demand plunged to its lowest level in 22 years last week, new data from the Mortgage Bankers Association (MBA) showed, delivering a fresh sign that the red-hot housing market may be losing some steam.