World News
New Home Mortgage Applications in U.S. Dive 16.2 Percent
The Mortgage Bankers Association's latest Builder Application Survey for September 2021 shows mortgage applications for new home purchases decreased 16.2 percent compared from a year ago. Compared to August 2021, applications decreased by 4 percent.
Supply Chain Issues a Drag on New Home Starts in September
According to a new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, single-family housing production held steady in September 2021, as strong demand helped to offset ongoing building material supply chain disruptions.
U.S. Mortgage Applications Dip in Mid-October
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 15, 2021, U.S. mortgage applications decreased 6.3 percent from one week earlier.
Despite Supply Chain Issues at U.S. Ports, Strong Housing Demand Drives Builder Confidence
According to the latest National Association of Home Builders / Wells Fargo Housing Market Index, strong consumer demand helped push builder confidence higher despite growing affordability challenges stemming from rising material prices and shortages.
New York City Industrial Leasing Up 47 Percent Over Last Quarter
According to CBRE's newly released Q3 market report, New York City's industrial real estate market posted 864,000 sq. ft. of leasing activity during the third quarter of 2021, a 47% increase from the previous quarter.
