Mortgage Rates Reach 10-Month High
Mortgage rates crept up last week, resulting in less demand for mortgages and refinancing. Overall…
Is It Better to Invest in Stocks or Housing? Americans Say Housing
A new study from the Federal Reserve Bank of New York found 90% of Americans prefer owning their…
Climbing Mortgage Rates Add $33,000 to Average Loan
The recent rise in mortgage rates are adding more stress to buyers who are struggling with high…
Pending Home Sales Decline More Than Economists Expected
February home sales fell flat of economist expectations, pointing toward a less than robust spring…
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Building Materials
A Look at Lumber Prices From the Supply Side
An LBM insider tells the story of what factors led to record-breaking lumber prices during a global pandemic
Economics
Consumers Are More Positive About Overall Economy
Consumers are feeling more positive about the job market and economy, resulting in confidence levels reaching a one-year high.
Economics
Home Prices See Largest Gain in 15 Years, Some Blame the Federal Reserve
Home prices are continuing on an upward trend, reaching an 11.2% year-over-year gain in January, the highest annual gain in almost 15 years.
Market Data + Trends
Buyers Struggle to Compete for Homeownership But Aspirations Remain High
The fierce housing market continues to leave buyers dejected as they face fewer options and higher bids—yet data shows Americans still aspire to be
Labor + Trade Relations
Construction Companies Will Need 430,000 More Workers
In January 2021, average hourly earnings of construction employees reached their highest level ever, $32.11, and average weekly hours worked rose to their highest level since 2019's third quarter.
Market Data + Trends
More Americans Plan to Purchase in Next Four Months
The number of Americans who purchased a home or apartment in the past four months remained slim, but the New York Federal Reserve Bank’s survey fou
Market Data + Trends
As Spring Buying Season Approaches, Inventory Drops
Buyers entering the housing market in the spring buying season will face difficulties as housing inventory dropped nearly 50% compared to 2020.
Market Data + Trends
February New-Home Sales Drop to Slowest Pace Since May
While housing inventory resulted in existing home sales taking a hit in February, rising costs and delays caused new-home sales to dip as well.
Market Data + Trends
Where Does the Housing Market Go From Here?
The very nature of the pandemic, through the health implications, social distancing, and need to isolate, has really brought a central focus on the importance of home for most Americans.
