U.S. homebuilding tumbled from more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower.. Reuters - Published Also reported by •Reuters India
Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the struggling housing market was starting to get a lift from lower mortgage rates. Conway G. Gittens..
Let's talk yields... The 10-year yield on Tuesday fell to its lowest level against the two-year rate since 2007. On Wednesday, the two-year Treasury yield was 1.516%, while the yield on the 10-year was..
U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower.. Reuters India - Published Also reported by •Reuters
WASHINGTON (AP) — U.S. home building fell last month, driven by a sharp decline in the construction of new apartments.
The Commerce Department said Thursday that housing starts dropped 9.4% to a.. SeattlePI.com - Published
U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower.. Newsmax - Published
· *Homebuilder sentiment ticked three points higher to 71 in October, reaching its highest level since February 2018.*
· * The National Association of Home Builders/Wells Fargo Housing Market Index.. Business Insider - Published
Continuing a trend that stretches back through most of this year, mortgage originations were up at some of the nation’s biggest banks in the third quarter due to this year’s consistently low.. HousingWire - Published
The housing market was the bright spot in the Federal Reserve’s monthly economic snapshot released on Tuesday. While consumer spending “softened,” business equipment spending was “sluggish,”.. HousingWire - Published
The nation’s low-interest-rate environment has spurred an increase in borrowing demand, as mortgage rates, which came in at 3.57% last week, continue to hover near historic lows. As demand climbs,.. HousingWire - Published
U.S. mortgage rates dropped 8 basis points from last week, according to Freddie Mac. The 30-year fixed mortgage averaged 3.57 percent for the week ending Oct. 10, up just slightly from 3.65 percent.. bizjournals - Published
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week amid continued uncertainty about the economy's outlook.
Mortgage rates have been running near historic lows, a potential boon to.. SeattlePI.com - Published Also reported by •Seattle Times
Mortgage rates retreated this week after the services sector reported its slowest growth rate in three years. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average fell to.. Seattle Times - Published
Last week, the 30-year fixed rate mortgage fell to the lowest level within the last four weeks. As the rate retreated to a low of 3.9%, the Mortgage Bankers Association indicates it spurred another.. HousingWire - Published
This week, the average U.S. fixed rate for a 30-year mortgage inched forward to 3.65%. Even so, that's more than a percentage point lower than the 4.71% of the year-earlier week, according to the.. HousingWire - Published
CoreLogic said the pace of home-price gains will quicken over the next 12 months as low mortgage rates give buyers the ability to pay more for properties. “For the first time since at least World War.. HousingWire - Published
Last week, mortgage rates retreated after experiencing the highest one-week increase in nearly a year. As the rate returned to a low of 3.64%, the Mortgage Bankers Association indicates the nation’s.. HousingWire - Published
WASHINGTON (AP) — U.S. construction spending edged up a disappointing 0.1% in August as continued weakness in nonresidential construction offset the best gain in home building in nine months.
The.. SeattlePI.com - Published
Business events and economic reports scheduled for the coming month:
All times are Eastern.
TUESDAY, Oct. 1
WASHINGTON — Institute for Supply Management releases its manufacturing index for.. SeattlePI.com - Published
Economic uncertainty and high prices are muting the housing market in the nation’s most populous state, according to the California Association of Realtors. Low mortgage rates are making it easier.. HousingWire - Published
The nation’s low interest rate environment spurred an increase in pending home sales in August, as the index rose 1.6%, according to the National Association of Realtors. The Pending Home Sales.. HousingWire - Published
This week, the average U.S. fixed rate for a 30-year mortgage fell to 3.64%. That's nine basis points below last week’s 3.73% and more than a percentage point lower than the 4.72% of the year-earlier.. HousingWire - Published
WASHINGTON (AP) — More Americans signed contracts to buy homes in August, signaling that low mortgage rates may spark a sustained turnaround for the housing market.
The National Association of.. SeattlePI.com - Published Also reported by •Seattle Times