Tag Archives: eye on housing

The number of open positions in the construction sector increased in July, according to the latest Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down from three years ago due to …

New single-family home size had been falling since 2015 in response to declining affordability conditions. While an exception occurred in 2021 when new home size increased as interest rates reached historic lows, as mortgage interest rates increased in 2022 and …

Residential building material prices, excluding energy, rose 0.4% in July and were up 5% from a year ago. The year-over-year percentage increase in building materials was the highest since December 2022, according to an analysis from the NAHB. Energy prices …

Inflation eased for the second consecutive month after reaching a three-year high in May, according to an analysis from the National Association of Home Builders. As energy prices leveled, shelter remained the largest factor driving inflation, accounting for one-third of …

Inflation slowed to 3.5% in June, down from a three-year high in May, largely driven by a ceasefire agreement in mid-June that stabilized oil markets and lowered energy prices. The decline in energy prices offset increases in shelter and food, …

Existing home sales dropped in June as record-high home prices and elevated mortgage rates impacted buyers, according to an analysis from NAHB’s Eye on Housing. Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 2.4% to a …

Mortgage rates continued to increase in June due to high inflation and a stronger-than-expected labor market, according to the NAHB’s Eye on Housing. The 30-year fixed-rate mortgage averaged 6.49% in June, up 8 basis points (bps) over May. Since the …

Mortgage application activity declined in May as higher mortgage rate continued to impact the market, according to the National Association of Home Builders (NAHB). At the same time, adjustable-rate mortgages (ARM) gained traction.  The Mortgage Bankers Association’s (MBA) Market Composite …