Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

We’ll add more market news briefs throughout the day. Check back to read the latest.

U.S. Census Bureau and U.S. Department of Housing and Urban Development’s New Residential Construction in February 2016:

  • Privately-owned building permits in February were at a seasonally adjusted annual rate of 1,167,000, 3.1 percent below the revised January rate but 6.3 percent above the February 2015 estimate.
  • Privately-owned housing starts in February were at a┬áseasonally adjusted annual rate of 1,178,000, 5.2 percent above January and 30.9 percent above February 2015.
  • Privately-owned housing completions in February were at 1,016,000, 4.2 percent below the revised January estimate but 17.5 percent above the February 2015 rate.

Mortgage Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index (which measures loan application volume) decreased 3.3 percent week-over-week on a seasonally adjusted basis.
  • The Refinance Index decreased 6 percent week-over-week to its lowest level since August 2015.
  • The seasonally adjusted Purchase Index increased 0.3 percent to its highest level since January 2016.

 

Preliminary Money Anxiety Index for March 2016:

  • The preliminary March index is 62.8, the same as the final reading in February.
  • The jobs market is improving.
  • However, global economic uncertainty is contributing to anxiety.

money-anxiety-index-march2016

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

Real Trends February 2016 Housing Market Report:

  • Housing sales increased 13.9 percent year-over-year.
  • This is the strongest year-over-year increase since June 2015.
  • Housing prices rose an average of 2.3 percent year-over-year.

unnamed

 

FNC Residential Price Index for January 2016:

  • Year-over-year growth was at a 16-month high since October 2014.
  • Sales were down 0.3 percent from December.
  • However, sales were up 6.4 percent year-over-year from December 2015.

Email market reports to press@inman.com.