Analysis and Data
Fannie Mae ESR Group updates forecast, includes more positive outlook on housing construction.
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
The 30-year fixed-rate mortgage average rose to 6.39%, while the 15-year rate remained unchanged.
32% of companies were profitable in Q1, up from 25% in Q4.
Second-straight monthly decline came despite a 7.2% increase in inventory.
Report says second-mortgage production reached post-financial crisis high in 2022 before falling off this year.
First American says home sellers & buyers are sitting on the sidelines due to low inventory and high rates.
Increase 2.2% from March, but number of units under construction not enough to fill inventory void.
MBA: Applications fell 5.7% last week, after rising 6.3% the previous week.
Lack of existing-home inventory continues to boost demand for new home construction.