According to the latest National Association of Home Builders Wells Fargo Housing Market Index, rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment.
According to the latest Texas Manufactured Housing Survey (TMHS), Texas' manufactured-housing outlook worsened for the first time since the COVID-19 pandemic recovery. Industry activity has now slowed for the second straight month as sales slipped and trended downward.
National property broker Redfin is reporting this week that 60.7% of home offers written by Redfin agents nationwide encountered competition on a seasonally adjusted basis in April.
The National Association of Realtors is reporting this week U.S. pending home sales slipped in April 2022, as contract activity decreased for the sixth consecutive month.
The Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni issued the following comments in reaction to the Federal Reserve's recent FOMC statement on monetary policy and the economy