Housing Market Roundup Oct. 6, 2022
Here’s a summary of recent housing/economic reports that have come across the MBA NewsLink desk:
ADP: Private Sector Adds 208,000 Jobs; Annual Pay Up 8%
In the second of four major jobs reports this week, ADP, Roseland, N.J., said private-sector employment increased by 208,000 jobs in September, while annual pay slowed to just below 8 percent.
Yardi: Reshoring Trend Will Reshape Industrial Real Estate
Recent events have led U.S. firms to produce more goods domestically, which will likely “reshape” the domestic industrial sector, according to Yardi Matrix, Santa Barbara, Calif.
Industry Briefs Oct. 6, 2022: HUD Allocates $28M to Fight Housing Discrimination
HUD announced $28,625,000 available to fair housing organizations across the nation working to fight housing discrimination. The funds will support a variety of activities, including fair housing education and outreach, testing and enforcement, through the Department’s Fair Housing Initiatives Program.
MBA Weekly Survey Oct. 5, 2022: Applications Fall to 25-Year Low
Mortgage applications took a huge hit last week, falling to their lowest level in 25 years as interest rates rose to their highest level since 2006, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending September 30.