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Daily market update: July 19, 2016

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

U.S. Census Bureau/Center for Housing and Urban Development New Residential Construction for June 2016:

  • Privately-owned housing units authorized by building permits were at 1,153,000 in June, 1.5 percent above May 2016 but 13.6 percent below June 2015.
  • Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,189,000, 4.8 percent above May 2016 but is 2.0 percent below June 2015.
  • Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,147,000, 12.3 percent above May 2016 and 18.7 percent above June 2015.

Mortgage rates:

 

Home equity rates:

Most recent market news:

FNC Residential Price Index for May 2016:

  • May home prices are up 0.7 percent.
  • Year-over-year, prices are up 4.9 percent.

Email market reports to press@inman.com.