
Residential Construction Finds Footing in December
What goes down must come up? Definitely not always the case, but true this time for residential construction numbers. The Census Bureauโs latest report showed a rebound in December, with both housing starts and building permits moving higher after softer readings in prior months. Privately owned hou
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Higher Refi Demand Buoys Mortgage Apps as Rates Hit Lows
Mortgage application activity picked up last week with the Mortgage Bankers Association (MBA) reporting an increase of 2.8% on a seasonally adjusted basis for the week ending February 13. Refi applications were in the driver's seat, and although it was hardly a "jump", the Refinance Index did increa
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Builder Confidence Remains Subdued
Builder confidence fell for the second straight month in February according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Affordability pressures and elevated construction costs continued to hamper already gloomy sentiment. While the move was modest in o
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Mortgage Rates Tick Microscopically Higher
Mortgage rates at the average lender moved up by 0.01% today--the smallest increment measured by the MND daily rate index. This means that most borrowers won't see a meaningful different in today's rates vs yesterday's. That's welcome news considering yesterday's rates were tied for the second best
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