According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rates rose across the board in mid-January 2018.
The lack of affordable, buildable lots and the scarcity of labor affected home production in 2017. While starts increased by 9 percent over 2016, the characteristics of these new homes stayed largely the same.
Spending on residential remodels will continue to grow at a modest pace in the next two years. Professional remodelers from around the country agreed with the forecast, citing increased consumer confidence.
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 5, 2018, U.S. mortgage applications increased 8.3 percent from one week earlier.
The National Association of Home Builders is reporting that U.S. builder confidence in the market for newly-built single-family homes increased five points to a level of 74 in December 2017
According to Freddie Mac's latest Primary Mortgage Market Survey for the first week of January 2018, the average mortgage rate dipped in the U.S. Treasury yields fell from a week ago, helping to drive mortgage rates down to start the year.
Home prices nationally increased year over year by 7 percent from November 2016 to November 2017, and on a month-over-month basis home prices increased by 1 percent in November 2017 compared with October 2017.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 29, 2017, Mortgage applications decreased 2.8 percent from two weeks earlier. The results include adjustments to account for the Christmas holiday.
According to Zillow, the total value of all homes in the United States in early January 2018 is now $31.8 trillion after gaining $2 trillion in 2017. The cumulative value of the U.S. housing market grew at its fastest annual pace.
According to the National Association of Realtors, U.S. pending home sales were mostly unmoved in November 2017, but did squeak out a minor gain both on a monthly and annualized basis.
According to the American Institute of Architects, even with the uncertainty related to recently signed tax reform legislation that likely will have a mixed effect on the construction industry, design services at architecture firms remains in high demand.
Single-family homes in November 2017 rose 17.5 percent to a seasonally adjusted annual rate of 733,000 units from a downwardly revised October reading. This is the highest sales pace since July 2007.
According to the American Automobile Association, this year Americans are traveling in record numbers during the Holiday Season.
After growing at a relatively slow pace for much of the 2017, rental prices have started to tick back up again, driven mainly by an increase in single-family rental prices.
According to a new nationwide consumer survey from realtor.com, the Tax Cuts and Jobs Act passed by Congress on Dec. 20th, 2017 is raising anxiety about owning a home.
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 15, 2017, mortgage applications decreased 4.9 percent from one week earlier.
Existing-home sales in U.S. surged for the third straight month in November 2017, and reached their strongest pace in almost 11 years. All major regions except for the West saw a significant hike.