MBA Chart of the Week July 10, 2023

The U.S. Census Bureau released updated construction spending survey data. Also referred to as the Value of Construction Put in Place, the survey covers all private residential construction and improvements, non-residential construction, and public construction.

MBA: Mortgage Application Payments Increased 0.9% to $2,112 in April

Homebuyer affordability declined further in April, with the national median payment applied for by purchase applicants increasing 0.9 percent to $2,112, the Mortgage Bankers Association’s Purchase Applications Payment Index reported.