The Bureau of Labor Statistics has released the latest Consumer Price Index. Despite any chatter that may have predicted otherwise, inflation is still at a 40-year high and a 1.3% increase from the month before. Though inflation impacts everyone one way or the other, its effect on the housing market keeps getting more interesting, especially since itโs not fully visible through the statistics.ย After all, when the price of gas is so high that people canโt make it to their kidsโ doctorโs...
The Bureau of Labor Statistics has released the latest Consumer Price Index. Despite any chatter that may have predicted otherwise, inflation is still at a 40-year high and a 1.3% increase from the month before. Though inflation impacts everyone one way or the other, its effect on the housing market keeps getting more interesting, especially since itโs not fully visible through the statistics.ย After all, when the price of gas is so high that people canโt make it to their kidsโ doctorโs...
Lumber prices have vacillated recently, but other costs for residential construction materials and related transportation rose in the past month, the National Association of Home Builders noted in a new report.That resulted in a net 1.8% monthly gain in the cost of goods used in residential construction and renovation during May, and represented an increase of 19.4% compared to a year earlier, the analysis of Producer Price Index data showed.While the PPI for softwood lumber was up only 0.4% in...
Lumber prices have vacillated recently, but other costs for residential construction materials and related transportation rose in the past month, the National Association of Home Builders noted in a new report.That resulted in a net 1.8% monthly gain in the cost of goods used in residential construction and renovation during May, and represented an increase of 19.4% compared to a year earlier, the analysis of Producer Price Index data showed.While the PPI for softwood lumber was up only 0.4% in...
Industry News
JPMorgan Chase 2Q Earnings Down 28% From Last Year
David Krechevsky
Jul 14, 2022
CEO Jamie Dimon says bank expects to originate fewer mortgage loans.
The second-quarter earnings season kicked off today with JPMorgan Chase & Co., which reported that profits in the quarter fell 28% from a year ...
Industry News
JPMorgan Chase 2Q Earnings Down 28% From Last Year
David Krechevsky
Jul 14, 2022
CEO Jamie Dimon says bank expects to originate fewer mortgage loans.
The second-quarter earnings season kicked off today with JPMorgan Chase & Co., which reported that profits in the quarter fell 28% from a year ...
As mortgage rates rise and inventory dwindles, real estate agents are taking it on the chin as pending home sales dry up.
The post Pending home sales are down 31% from last year appeared first on HousingWire.
As mortgage rates rise and inventory dwindles, real estate agents are taking it on the chin as pending home sales dry up.
The post Pending home sales are down 31% from last year appeared first on HousingWire.
August 12, 2022
Richard Korman
KEYWORDS Inflation
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Last month, Canadian developer Bosa paused work on a long-anticipated project in the heart of downtown Seattle. The company cited inflation and economic turbulence in halting the plan for a 422-unit condominium apartment building at a partly excavated site opposite S...
August 12, 2022
Richard Korman
KEYWORDS Inflation
Order Reprints
No Comments
Last month, Canadian developer Bosa paused work on a long-anticipated project in the heart of downtown Seattle. The company cited inflation and economic turbulence in halting the plan for a 422-unit condominium apartment building at a partly excavated site opposite S...
Analysis and Data
CoreLogic: Home Prices In May Up 20% From Last Year
Sarah Wolak
Jul 05, 2022
Marks the 16th consecutive month of double-digit price increases.
KEY TAKEAWAYS
Home prices increased by 1.8% in May 2022 compared with April 2022.
Large cities continued to experience price ...
Analysis and Data
CoreLogic: Home Prices In May Up 20% From Last Year
Sarah Wolak
Jul 05, 2022
Marks the 16th consecutive month of double-digit price increases.
KEY TAKEAWAYS
Home prices increased by 1.8% in May 2022 compared with April 2022.
Large cities continued to experience price ...
The third quarter of every year is historically the busiest for apartment rentals, but demand fell this year, according to RealPage. It's the first time the rental technology platform has recorded a third-quarter drop in the 30 years it's been tracking the metric. Demand dropped by more than 82,000 units nationally, according to the report. This came after a record number of new renters filled apartments during the first two years of the Covid pandemic. Now, household formation appears to have...
The third quarter of every year is historically the busiest for apartment rentals, but demand fell this year, according to RealPage. It's the first time the rental technology platform has recorded a third-quarter drop in the 30 years it's been tracking the metric. Demand dropped by more than 82,000 units nationally, according to the report. This came after a record number of new renters filled apartments during the first two years of the Covid pandemic. Now, household formation appears to have...
