Daily market update: August 8, 2016

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

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

Fannie Mae’s Home Purchase Sentiment Index (HPSI) for July 2016:

  • The HPSI increased 3.3 points to 86.5 in July, reaching a new all-time survey high.
  • Each of the six HPSI components increased in July.
  • The largest increases were seen in the net share of consumers who expect home prices to go up over the next 12 months, which rose 8 percentage points after a drop in June, and the net share of consumers who expect mortgage interest rates to go down over the next 12 months, which rose 5 percentage points.

hpsi-080816

August 2016 Preliminary Money Anxiety Index:

  • The preliminary August Money Anxiety Index stands at 59.8.
  • This is the same level it was prior to the beginning of the Great Recession in November of 2007.
  • The Great Recession was officially declared a month later in December 2007, when the Money Anxiety Index started climbing up and back down.

money-anxiety-august-prelim

Mortgage rates:

 

Home equity rates:

Most recent market news:

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

  • Construction spending was at a seasonally adjusted annual rate of $1,133.5 billion ($1.13 trillion) in June 2016.
  • This is 0.3 percent above the June 2015 estimate (1,130.5 billion).
  • Over the first six months of the year, construction spending has been 6.2 percent above the same period in 2015.

Black Knight Mortgage Monitor for June 2016:

  • Delinquencies were down 10 percent year-over-year in June.
  • Foreclosure starts rose by nearly 12 percent from May.
  • However, even with this monthly increase, Q2 overall saw historically low levels of foreclosure starts.

Screen Shot 2016-08-01 at 10.02.03 AM

Email market reports to press@inman.com.