Jack Bjorklund
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MBA: Increased Mortgage Activity in June
From May to June, the Market Composite Index, a measure of mortgage loan application volume derived from the...
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Existing Home Sales Drop Despite Record High Prices
Existing house sales decreased for the third consecutive month in May, owing to persistently high mortgage rates and...
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May Sees Housing Starts Retreat Amidst High Borrowing Costs
Single-family and multifamily housing starts declined in May, as high interest rates on construction and development loans, as...
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High Mortgage Rates Cool Builder Confidence
Mortgage rates remain in the 7% level, and rising construction financing costs continue to dampen builder optimism. Builder...
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Private Residential Construction Spending Rising in April
After declining 0.4% in March, private residential building spending increased 0.1% in April, according to a post from...
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New Home Preference Continues Rising
New homes’ appeal is just getting stronger. In a recent NAHB study, 61% of home buyers said their...
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Top Earners: States with Highest Construction Wages in 2024
According to the most recent Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), not...
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NAHB: Private Residential Construction Spending Declines in March
According to the NAHB’s analysis of Census data, private residential construction spending fell 0.7% in March after rising...
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NAHB: Builder Sentiment Remained Unchanged in April
Builder sentiment was flat in April, as mortgage rates stayed close to 7% over the previous month and...
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Building Material Costs Up in March, But Lumber Prices Soften
Inputs to residential construction, including building materials, increased for the fifth straight month according to the latest Producer...
