Property broker Redfin is reporting this week that the number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date.
In a new COVID-19 world we now find ourselves all living in, this Memorial Day weekend has become the unofficial start of 2020's new "homecation" season.
After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation's hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022.
According to new data this week from The American Institute of Architects (AIA), demand for design services in April 2020 saw its steepest decline on record.
In a sign of the growing economic toll from the coronavirus pandemic, total housing starts decreased 30.2 percent in April 2020 to a seasonally adjusted annual rate of 891,000 units.
Mortgage applications for new U.S. home purchases decreased 12 percent compared from a year ago.
45 percent of the zones saw median home prices rise by more than the national increase of 11.3 percent from the first quarter of 2019 to the first quarter of 2020.
Many U.S. restaurants are likely to reopen from widespread shutdowns at 50 percent pre-COVID-19 seating capacity amid efforts to adhere to social distancing practices and give confidence to cautious consumers.
Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020.
U.S. loans now in forbearance increased from 7.54% of servicers' portfolio volume in the prior week to 7.91% as of May 3, 2020, almost 4 million homeowners are now in forbearance plans.
Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2 to 3 percent in the wake of the coronavirus.
The total number of U.S. mortgage loans now in forbearance increased from 6.99% of servicers' portfolio volume in the prior week to 7.54% as of April 26, 2020.
Property broker Redfin is reporting between mid-March and mid-April 2020, the new supply of homes for sale over $1 million fell 29 points from the year prior.
Based on CoreLogic's latest Home Price Index (HPI) for March 2020, U.S. home prices increased nationally by 4.5% from March 2019.
U.S. builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter of 2020.
The total number of U.S. loans now in forbearance increased from 5.95% of servicers' portfolio volume in the prior week to 6.99% as of April 19, 2020.
Every industry is feeling the steep downturn.
A national rent increase of 3.3% year over year in February (just before the COVID-19 outbreak in the US ramped up), up slightly from a 3% year-over-year increase in February 2019.
