Only 12% of adults are considering the purchase of a home within the next 12 months, according to NAHB’s Housing Trends Report for the third quarter of 2019. This share of ‘prospective home buyers’ is essentially unchanged from where it stood a year earlier, at 13%. For the majority of these buyers (60%),
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The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through September 2019. In September, consumer credit increased at a seasonally adjusted annual rate of 2.8 percent from the previous month, with revolving debt1 decreasing by 1.2 percent and nonrevolving debt2 increasing by
With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 63.6 percent of new and existing homes sold between
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in September on a year-over-year basis. The estimated number of job openings declined from the August total to 338,000 in September, after reaching a post-Great Recession high of 434,000 in April. The September 2019 count of unfilled