
Mortgage Application Payments Decrease in August
Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,100 from $2,127 in August, according to MBA's Purchase Applications Payment Index.
Dodge Momentum Index Points to Stronger Construction Activity
The Dodge Momentum Index increased 7.5% in August to 301.4, the Dodge Construction Network reported. Over the month, commercial planning expanded 8.7% while institutional planning grew 5.4%.

Existing-Home Sales Dip in August
Existing-home sales remained essentially the same in August, ticking down just 0.2% from July, according to the National Association of Realtors, Chicago.