Forbearance Sees Steady Declines
New data from Black Knight shows that the number of forbearance plans at the end of November was down by 214k (-17%) from last month. However, they point out that new plan starts, which have been relatively flat since the end of March, jumped almost 8k week over week. Black KniRead More
Jobs in Construction Rise By 31k in November
According to recent data from the Associated General Contractors of America, construction employment increased by 31k jobs in November, 2021 with 10,300 jobs added in residential and 20,800 in the nonresidential categories. The AGC said construction firms would have added even mRead More
Judge Strikes Down Boston’s Eviction Moratorium
In late November a housing court in Boston, Massachusetts struck down Boston’s citywide eviction moratorium calling the ban an “overreach of power.” According to WBTS TV (Ch 7), Housing Court Judge Irene Bagdoian sided with a landlord and a constable who challeRead More
For Sale Housing Inventory Hits All-Time Low
We’ve been seeing record-high home prices for quite some time being attributed to low inventory and now a recent report from Redfin confirms it; the number of homes for sale hit an all-time low at the end of November. Redfin says this foretells a difficult winter for homeRead More
S&P CoreLogic Case-Shiller Index Saw 19.5% Annual Home Price Gain in September
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.5% annual gain for September, 2021, which they say is a record high. Their 10-City Composite annual increase came in at 17.8% and their 20-City Composite posted a 19.1% year-over-year gain. “We hRead More
Construction Spending Down Slightly in October
The U.S. government is reporting that total construction spending in September was at a seasonally adjusted annual rate of $ 1,598 billion, which is down 0.2% from September’s revised estimate. However, October’s figure is 8.6% higher than one year ago. Residential constructionRead More