Housing market: Page 5
Business News
Mortgage Application Rates Down as Interest Rates Rise to Highest Levels Since July
Mortgage application rates in the United States fell by 1.1 percent last week driven by higher interest rate, according to the Mortgage Bankers Association (MBA) Composite Index.
Business News
Home Construction Slumps as Supply Constraints Weigh on Production
Housing starts fell 7 percent to a seasonally adjusted annual rate of 1.534 million units last month, according to a Commerce Department report.
Business News
Homebuilder Confidence Drops to 13-Month Low on High Material Costs and Surging Home Prices
The HMI index component that gauges current sales conditions fell five points to 81 in August, while the part that measures traffic of prospective buyers also recorded a five-point drop to 60.