Housing Mortgage Environment Shifts to Higher Mortgage Rates Since the start of 2021, the MBA’s tracked 30-year fixed rate mortgage rate has increased…Karen ZitoMarch 17, 2021
Housing Housing Starts Slow in February Housing production continue to slow in February off strong levels as rising lumber and other…Karen ZitoMarch 17, 2021
Housing Strong Single-Family Permit Gains in January Over the first month of 2021, the total number of single-family permits issued year-to-date (YTD)…Karen ZitoMarch 15, 2021
Housing States and Construction Trades Most Reliant on Immigrant Workers Last week, we published a post highlighting a continuing high reliance of construction on immigrant…Karen ZitoMarch 15, 2021
Housing Record Steel Mill Product Price Increases Add to Lumber Woes, Push Building Materials Higher Prices paid for goods used in residential construction ex-energy rose 1.4% in February (not seasonally…Karen ZitoMarch 12, 2021
Housing Households’ Balance Sheets: Q4 2020 According to the Federal Reserve Flow of Funds report, as of the fourth quarter of…Karen ZitoMarch 12, 2021
Housing Jump in Construction Job Openings in January Job openings in construction increased in January to the highest count since the Fall of…Karen ZitoMarch 11, 2021
Housing Global Exports of U.S.-Grade Framing Lumber The United States consumed roughly 47 billion board feet of softwood lumber in 2019, 30.8%…Karen ZitoMarch 11, 2021
Housing First-time Buyers Comprise 43 Percent of New Home Market According to the February survey for the NAHB/Wells Fargo Housing Market Index (HMI), first-time home…Karen ZitoMarch 10, 2021
Housing Immigrants in Construction: Rising Numbers, Falling Share According to the most recent American Community Survey (ACS), the number of immigrant workers in…Karen ZitoMarch 8, 2021