- Builder Sentiment Rises Above Breakeven Pointby Robert Dietz on March 18, 2024
A lack of existing inventory that continues to drive buyers to new home construction, coupled with strong demand and mortgage rates below last fall’s cycle peak, helped push builder sentiment above a key marker in March. Builder confidence in the market for newly built single-family homes climbed […]
- Strong Rebound in Single-Family Permits at the Start of 2024by Danushka Nanayakkara-Skillington on March 15, 2024
Over the first month of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 75,906. On a year-over-year (YoY) basis, this is an increase of 43.1% over the January 2023 level of 53,062. Year-to-date ending in January, single-family permits were up in all four […]
- Producer Prices Up in Februaryby Jesse Wade on March 14, 2024
Inputs to residential construction, goods less food and energy, increased for the fourth consecutive month to a new high, according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. The index for inputs to residential construction, goods less […]
- Rising Auto Loan Debt, Declining Student Loans for 4Q23by Onnah Dereski on March 14, 2024
According to the Federal Reserve’s G.19 Consumer Credit Report, student loans in the fourth quarter of 2023 totaled $1.73 trillion (non-seasonally adjusted), reflecting a decrease of 2.1% over the year and following an annual decrease of 1.7% in the previous quarter. The third quarter of 2023 […]
- U.S. Financial Accounts Fourth Quarter Wealth Databy Jesse Wade on March 13, 2024
According to the 2023 fourth quarter release of the Federal Reserve Z.1 Financial Accounts of the United States , the market value of household real estate assets fell from $45.21 trillion to $44.84 trillion in the fourth quarter of 2023. Over the year, household real estate assets were 5.28% […]