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  • Rates Steady in October as Increases Expected

    Nationally, the contract interest rate on conventional mortgages for home purchase held steady in October 2016. Over the month, the rate on conventional mortgages for home purchase was unchanged at 3.60%, according to data released by the Federal Housing Finance Agency (FHFA). Rates on the purchase of previously occupied homes ticked up 1 basis point to 3.62% while rates on new homes… Read More ›

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  • NAHB Releases New Home Building Employment Estimates by State and Congressional District

    The new NAHB study presents the most recent and comprehensive estimates of home building employment, including self-employed workers, by state and congressional district. NAHB Economics estimates that out of 9.6 million people working in construction in 2015, close to 3.8 million people worked in residential construction, accounting for 2.5% of the US employed civilian labor force. These numbers reflect steady… Read More ›

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  • The Employment Situation in November – Step Two

    Steady payroll gains, a drop in the unemployment rate, decent wage gains. The stage is set for the Federal Reserve to take a second step on the path to monetary policy normalization at the upcoming December meeting. The Bureau of Labor Statistics (BLS) reported payroll employment rose by 178 thousand in November and revisions to estimates for the prior two… Read More ›

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