Financing Mortgage Rates Reach 10-Month High Mortgage rates crept up last week, resulting in less demand for mortgages and refinancing. Overall mortgage application volume dropped 5.1%...
Market Data + Trends Is It Better to Invest in Stocks or Housing? Americans Say Housing A new study from the Federal Reserve Bank of New York found 90% of Americans prefer owning their primary residence than investing in the...
Financing Climbing Mortgage Rates Add $33,000 to Average Loan The recent rise in mortgage rates are adding more stress to buyers who are struggling with high home prices. For the week ending April 1,...
Market Data + Trends Pending Home Sales Decline More Than Economists Expected February home sales fell flat of economist expectations, pointing toward a less than robust spring homebuying season. Pending home sales...
Opinion A Look at Lumber Prices From the Supply Side An LBM insider tells the story of what factors led to record-breaking lumber prices during a global pandemic
Economics Consumers Are More Positive About Overall Economy Consumers are feeling more positive about the job market and economy, resulting in confidence levels reaching a one-year high. The National...
Economics Home Prices See Largest Gain in 15 Years, Some Blame the Federal Reserve Home prices are continuing on an upward trend, reaching an 11.2% year-over-year gain in January, the highest annual gain in almost 15 years....
Market Data + Trends Buyers Struggle to Compete for Homeownership But Aspirations Remain High The fierce housing market continues to leave buyers dejected as they face fewer options and higher bids—yet data shows Americans still...
Labor + Trade Relations Construction Companies Will Need 430,000 More Workers In January 2021, average hourly earnings of construction employees reached their highest level ever, $32.11, and average weekly hours worked rose to their highest level since 2019's third quarter.
Market Data + Trends More Americans Plan to Purchase in Next Four Months The number of Americans who purchased a home or apartment in the past four months remained slim, but the New York Federal Reserve Bank’s...
