It already hasn’t been a good week for housing. On Monday, the National Association of Home Builders reported its Housing Market Index fell for the eighth straight month to two-year low. And on Tuesday, HUD and the Census Bureau reported housing starts fell in July by nearly double digits to its slowest pace since 2020.
Tag: Doug Duncan
Fannie Mae: Consumer Sentiment Toward Housing at 11-Year Low
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index fell by two points in July to 62.8, its lowest level since 2011 and well below the record high set in 2019.
Solid Jobs Report Move Employment, Unemployment Rate to Pre-Pandemic Levels
Total nonfarm employment jumped by 528,000 jobs in July, more than double consensus expectations and pushing the unemployment rate to 3.5 percent, the Bureau of Labor Statistics reported Friday.
Fannie Mae: 2Q Home Prices Down from Record High
Fannie Mae, Washington, D.C., said single-family home prices increased at the annualized rate of 19.4 percent in the second quarter–down slightly from the previous quarter’s upwardly revised 20.5 percent, but still at a highly elevated pace.
June Jobs Report Beats Estimates
Employment rose by 372,000 jobs in June, the Bureau of Labor Statistics reported Friday, a strong report despite rising inflation and economic uncertainty.
Fannie Mae: Survey-High 81% of Consumers Believe Economy on ‘Wrong Track’
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index fell by 3.4 points in June to 64.8, its second-lowest reading in a decade.
May New Home Sales Jump 11%
May new home sales proved to be a solitary bright spot in a month of otherwise disappointing housing reports, rising by nearly 11 percent from April, HUD and the Census Bureau reported Friday.
May Housing Starts Plunge Amid Market Volatility
Housing starts fell sharply in May, HUD and the Census Bureau reported Thursday, as continued market volatility and higher interest rates took a toll on both consumers and home builders.
Fannie Mae: Would-Be Homebuyers Feeling Squeeze of Higher Home Prices, Mortgage Rates
Just 17 percent of consumers think it’s a good time to buy a home, reported Fannie Mae, Washington, D.C.
Employers Add 390,000 May Jobs; Unemployment Rate Holds at 3.6%
Employers added nearly 400,000 jobs in May, largely meeting expectations, the Labor Department reported Friday. The unemployment rate held at 3.6 percent for the third straight month.