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

U.S. Census Bureau’s January 2016 Construction Spending:

  • Spending on private construction was at a seasonally adjusted rate of $831.4 billion.
  • This is 0.5 percent above the revised December estimate of $827.3 billion.
  • Residential construction was $433.2 billion in January, the same month-over-month as December.

CoreLogic’s January 2016 Home Price Insights Report:

  • Home prices rose 1.3 percent month-over-month.
  • Home prices rose 6.9 percent year-over-year.
  • This is the 47th month of consecutive year-over-year increase, but the returns are no longer double-digit.

report_highlights_hpi_2016_01b_jan_top_03

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

 

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]

Last week’s most recent market news:

National Association of Realtors Pending Home Sale Index (PHSI) for January 2016:

  • The PHSI declined 2.5 percent to 106.0 in January.
  • This is 1.4 percent above January 2015 (104.5).
  • The index has increased year-over-year for 17 consecutive months, but January’s gain was the second-smallest.

Black Knight Financial Services’ Home Price Index for December 2015:

  • The home price index in the U.S. was $253,000.
  • This is down 0.1 percent month-over-month.
  • However, the index is up 5.5 percent year-over-year.

Email market reports to press@inman.com.

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