According to a new report from The American Institute of Architects, U.S. demand for design services in March expanded sharply from February 2022.
U.S. single-family housing market continued to show signs of softening in March 2022, as permits and starts declined due to rising mortgage interest rates and ongoing supply chain bottlenecks that continue to delay construction projects and raise home building costs.
Based on a new forecast by the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in 2022, roughly in line with 2021 totals ($891 billion).
According to national property broker Redfin, U.S. homes sold at their fastest pace and for more above list price in March 2022 than any other March on record.
Based on CoreLogic's latest monthly Loan Performance Insights Report for November 2021, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure)
Posted on December 18, 2020
Posted on July 15, 2020