Analysis and Data
Privately owned housing units authorized by building permits in February were 1.9% below the revised January rate.
Increasing construction costs drive ennui despite favorable demographics and low-inventory numbers.
Despite a small gain in purchase applications as mortgage rates fell, overall applications decline.
Trend should continue with sharp drop in refinancing
N.Y. Fed survey finds unemployment a bright spot, though.
Redfin report says waiving financing contingency and conducting a pre-inspection also can help.
Study found that 60% of home buyers feel at least some remorse.
Homeowners are focused on investing in larger projects to make their home more purposeful and joyful.
The report accounts for U.S. homeowners with mortgages — roughly 63% of all properties — have seen their equity increase by 29.3% year over year.
Consumer Price Index rose 0.8% in February, but is up 7.9% year-over-year led by energy and food prices.