Analysis and Data
Construction of single-family homes decreased 3.1% in June from May.
Black Knight Mortgage Monitor Report says home listings rose 22% while price growth slowed 2%.
CFO cites figure as GSE releases its 2Q earnings report.
The uptick in early demand, however, has not carried through to home purchase contracts or sales.
Freddie Mac’s weekly Primary Mortgage Market Survey shows fixed mortgage rates decreased as purchase demand continued to tumble.
Profit margins on single-family homes and condo sales hit another record of 55.5%.
The national median payment applied for by applicants was down just four dollars to $1,893 in June from $1,897 in May.
The Pending Home Sales Index (PHSI) dipped 8.6% to 91.0 for the month of June.
U.S. homeowners age 62 and older hold more than $10.6 trillion in housing wealth.
MBA says applications decreased nearly 2% from last week, the fourth straight weekly decline.