Home Building Increases in Low-Density Markets
Wed, 03 Jun 2020 13:05:40 GMT
More construction in low- and medium-density markets is expected in the quarters ahead, as households seek out single-family homes further from urban cores.
Housing Demand Dropped Alongside Inventory
Wed, 03 Jun 2020 13:04:56 GMT
One of the bigger surprises of the COVID-related financial and health crises is that existing home inventory fell along with demand.
Labor Market Begins to Stabilize
Wed, 03 Jun 2020 13:04:14 GMT
U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy’s recovery from the COVID-19 pandemic will be slow.
Services Sector Still Contracting
Wed, 03 Jun 2020 13:03:13 GMT
U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the economy could take years to recover from the devastation caused by the COVID-19 crisis.
House Prices Up
Tue, 02 Jun 2020 11:03:59 GMT
Home prices in April increased by 1.4% over March and increased by 5.4% over April 2019.
Mortgage Leaders Pump Up Hiring
Tue, 02 Jun 2020 11:03:13 GMT
A trio of leading mortgage companies are wrapping up the first half of the year on a hiring spree, each taking on thousands of new employees to meet the sales demands of their respective operations.