Fannie Mae released its Home Purchase Sentiment Index for December, highlighting a 2.9-point increase to 67.2. That jump is primarily due to the survey-high 31% of consumers who believe mortgage rates will go down over the next year.
Tag: Mark Palim
Jobs Increase in November, Unemployment Rate at 3.7%
Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate now sits at 3.7%, the U.S. Bureau of Labor Statistics reported.
March New Home Sales Stumble
New home sales took a tumble in March, HUD and the Census Bureau reported Tuesday, hamstrung by the usual suspects: rising interest rates; inadequate inventories and rapidly increasing home prices.
Housing Market Roundup: Apr. 8, 2022
Here’s a quick-hit summary of recent housing reports that came across the MBA NewsLink desk:
November Jobs Up by 210,000; Unemployment Rate Falls to 4.2%
The November employment report followed a recent and inconsistent pattern: employment rose in November, although well below expectations, while the unemployment rate fell sharply, the Bureau of Labor Statistics reported Friday.
October New Home Sales Up 0.4%
New home sales in October rose for the second straight month, albeit just slightly, HUD and the Census Bureau reported Wednesday.
Housing Starts Post Solid August Increase
Home builders liked what they saw in August—HUD and the Census Bureau said August housing starts rose by nearly 4 percent from July, almost entirely by multifamily activity, and by more than 17 percent from a year ago.
Fannie Mae: Consumers More Optimistic About Homebuying Conditions for First Time in 6 Months
The Fannie Mae Home Purchase Sentiment Index was largely unchanged in August, decreasing 0.1 points to 75.7, as survey respondents tempered both their recent pessimism about homebuying conditions and their upward expectations of home price growth.
Employers Add 235,000 August Jobs
U.S. employers added 235,000 jobs in August—considerably below July’s massive 1.05 million job gain—as the economy struggled to hold momentum amid rising Delta variant coronavirus cases, the Bureau of Labor Statistics reported Friday.
July New Home Sales Post 1% Increase
New single‐family home sales posted a modest 1 percent increase in July amid more signs of a stabilizing housing market, HUD and the Census Bureau reported Tuesday.