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Mortgage News Daily:
Most Housing Units Under Construction Since 1974
10/19/2021 12:50 PM
Today, in the Newsletter: Most Housing Units Under Construction Since 1974 Excerpt: Census will release data next year on the length of time from start to completion, and that will probably show long delays in 2021. In 2020, it took an average of 6.8 months from start to completion for single family homes, and 15.4 months for buildings with 2 or mo...Read More
Single-family rents are surging, and investors are flooding the market
10/19/2021 12:49 PM
Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof....(read more)...Read More
This could be the worst market for a first-time homebuyer, experts say
10/19/2021 8:45 AM
Covid has kicked the housing market into high gear. At the end of September, the average home price was up 14% from the same month last year, and 30% from 2019....(read more)
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Housing Starts Decreased to 1.555 Million Annual Rate in September
10/19/2021 7:49 AM
From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,555,000 . This is 1.6 percent below the revised August estimate of 1,580,000, but is 7.4 percent above the September 2020 rate of 1,448,000. Single-family housing starts in September were...Read More
Housing Market Continues to Creep Toward More Balance in September (September 2021 Market Report)
10/19/2021 7:31 AM
The Zillow Home Value Index (ZHVI) rose 1.6% from August to......(read more)Forward this article via email:&nbs...Read More
10-year Treasury yield struggles for direction, holds above 1.59
10/19/2021 7:05 AM
The 10-year U.S. Treasury yield struggled for direction on Tuesday morning, holding above the 1.59% mark....(read more)F...Read More
Housing Inventory Oct 18th Update: Inventory Down Slightly Week-over-week
10/18/2021 11:22 AM
Tracking existing home inventory will be very important this year . Click on graph for larger image in graph gallery. This inventory graph is courtesy of Altos Research . As of October 15th, inventory was at 424 thousand (7 day average), compared to 554 thousand for the same week a year ago.  That is a decline of 23.6%. Compared to the sam...Read More
Homebuilder sentiment bounces back despite ongoing supply chain problems
10/18/2021 10:00 AM
Homebuilder confidence rose in October thanks to strong buyer demand....(read more)Forward this article via email:Read More
Industrial Production Decreased 1.3 Percent in September
10/18/2021 8:47 AM
From the Fed: Industrial Production and Capacity Utilization Industrial production fell 1.3 percent in September after moving down 0.1 percent in August; output was previously reported to have risen 0.4 percent in August. In September, manufacturing output decreased 0.7 percent: The production of motor vehicles and parts fell 7.2 percent, as shorta...Read More
Nearly 10 million student loan borrowers will have their servicer switched by the end of the year
10/18/2021 8:47 AM
Nearly 23% of the country"s 42.9 million total borrowers will have their loans changed hands....(read more)Forward this ...Read More
Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast
10/18/2021 8:24 AM
The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage point higher than it is now, MBA economists say....(read more)
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10-year Treasury yield back above 1.6% to start the week
10/18/2021 7:03 AM
The 10-year U.S. Treasury yield climbed back above the 1.6% mark to start the trading week....(read more)Forward this ar...Read More
Instant Reaction: Retail Trade Sales October 15, 2021
10/15/2021 1:05 PM
U.S. advance estimates of retail and food service sales for September 2021 increased from the prior month, with retail sales recording a seasonally adjusted total of $625.4 billion in September, a 0.7% increase from August....(read more)
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Commercial Weekly: Retail Vacancy Rates at Lowest Levels Since Q2 2020
10/15/2021 10:32 AM
With people returning to physical stores and food and drinking places, demand for retail space in Q2 2021 exceeded pre-pandemic peak levels....(read more)
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Fed"s Barkin backs tapering plans and expresses concern about inflation
10/15/2021 9:42 AM
Richmond Fed President Thomas Barkin said he"s on board with reducing the amount of economic help the central bank is providing....(read more)
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