Housing starts plummeted in February as interest rates and lumber costs soared, according to data released Wednesday by the US Commerce Department
The gains come at a time when unemployment remains high at 6.3% on the heels of the US adding just 49,000 jobs, according to data released Friday by the US Department of Labor
The unemployment rate declined to 6.9%, according to the Bureau of Labor Statistics, but the country as a whole is still down about 10M jobs since February's pre-pandemic levels
A dip in prime age participation typically goes hand-in-hand with slower wage growth, according to Odeta Kushi, the deputy first economist at First American
Mortgage purchase applications were up 28% year over year, according to data released Wednesday by the Mortgage Bankers Association
'Strong builder confidence and heavy buyer traffic point to further production gains in the near term,' said Chuck Fowke, chairman of the National Association of Home Builders
Odeta Kushi, the deputy first economist at First American, doesn't believe the COVID-19 crisis will lead to a massive spike in foreclosures
New data from the Census Bureau indicates that the homeownership rate surged to its highest point since the third quarter of 2008, but a change in data collection methodology may have impacted the results
The average 30-year mortgage hit a new all-time low of 3.07% this week, according to data from Freddie Mac released Thursday
The real estate sector — not including rental and leasing — added more than 18,000 jobs in June, according to the US Department of Labor in a report released Thursday
Housing starts are up 11.1% over November 2018 while permits increased by 13.6%
In the past 40 years, a year-over-year decline of 20% or more in single-family housing starts has preceded all but 1 of the 5 recessions
Research from a financial services company digs into the factors shaping the future