June Builder Confidence Surges Following Shaky Spring

Two months ago, the National Association of Home Builders/Wells Fargo Housing Market Index suffered its biggest one-month drop in history, falling by more than 40 points to an eight-year low. This month, the Index rebounded back into positive territory.

The Week Ahead

Good morning! Welcome to another Monday, Week 10 of the Coronapacolypse. To all of you out there: thank you again for what you are doing. Stay healthy and safe.

Home Builder Confidence Suffers Historic Drop

The economic effects of the coronavirus clobbered the home building industry this month, with the National Association of Home Builders reporting its Housing Market Index plunged a record 42 points to its lowest reading in nearly eight years.

March New Home Purchase Mortgage Applications Up

Mortgage Bankers Association Builder Applications Survey data showed mortgage applications for new home purchases increased by 14 percent in March from February and by 21.2 percent from a year ago, unadjusted.

March New Home Purchase Mortgage Applications Up

Mortgage Bankers Association Builder Applications Survey data showed mortgage applications for new home purchases increased by 14 percent in March from February and by 21.2 percent from a year ago, unadjusted.