Housing Market Roundup Apr. 26, 2022

Here is a summary of recent stories of interest to the real estate finance community that have come across the MBA Newslink desk:

March Jobs Report Continues Strong Trend

U.S. employers added 431,000 jobs in March, the Bureau of Labor Statistics reported Friday, while the nation’s unemployment rate fell to 3.6 percent.

Pending Home Sales Down 4th Straight Month

Pending home sales slipped again in February, marking four consecutive monthly declines, the National Association of Realtors reported Friday.

Housing Starts Give Spring Home Buying Season Early Momentum

These days, is there really a spring home buying season? Especially when every month feels like buyers are knocking down every available door? Even, so, the New Residential Construction report from HUD and the Census Bureau portends what could be an even busier period for the housing market.

Fed Approves 1st Rate Hike in 4 Years

The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time since 2018, marking a new approach to rising inflation and other economic pressures.