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MarketMinute | Is there a market for 3D-printed homes?

Mar 14

3:40

AM

Category | Markets in a Minute

After rising in January, wholesale prices remained unchanged in February. Markets are concerned tariffs may lead to future increases.

The CPI showed slowing inflation in February. The drop-off is not expected to trigger policy rate cuts at next week's Fed meeting.

Job openings rose to 7.74 million in January, signaling employer optimism amid ongoing labor market concerns.â€¯

Housing News

Lennar and Icon, a 3D technology company, partnered to 3D print 100 homes in Georgetown, Texas. About 75% of them have already sold.

Though rates were no longer falling, total mortgage apps jumped 11% last week. Purchase apps rose 7% for the week and 4% year over year.

Pending home sales ticked up for the week but were slightly lower than a year ago. Unsold inventory is up 28% nationwide from last year.

MarketMinute | Mortgage apps jumped this week!

Mar 7

7:47

AM

Category | Markets in a Minute

The Fed’s most recent Beige Book showed a mixed employment picture and a slight rise in economic activity since mid-January.

Unemployment applications fell more than expected last week, indicating the labor market remained stable in February.

Payroll processing firm ADP reported private companies added just 77K new workers in January, well below the 148K consensus estimate.â€¯

Housing News

Single-family construction spending rose 0.6% in January. Overall spending, including for multifamily and home improvements, fell by 0.4%.

New apartment construction hit a record high last year. Developers completed almost 600K multifamily units, according to the U.S. Census.

Falling mortgage rates lit a fire under demand last week. Mortgage applications jumped 20%, the first increase in 3 weeks.

MarketMinute | Inventory and prices rose in January. Find out what fell

Feb 28

2:59

AM

Category | Markets in a Minute

In February, consumer confidence experienced its largest decline since 2021. The drop was blamed on rising inflation and trade war concerns.

Initial jobless claims hit their highest level of the year last week, a potential sign of weakness in the labor market.

A rise in durable goods orders in January is being attributed to businesses rushing to buy parts and supplies ahead of potential U.S. tariffs.â€¯

Housing News

There were 1.18 million homes for sale at the end of January, an increase of 3.5% from December and 17% from January 2024.

The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January.

Sales of previously owned homes fell 4.9% for the month in January but were 2% higher than January 2024.

MarketMinute | What's keeping home builders up at night?

Feb 21

6:46

AM

Category | Markets in a Minute

Minutes from last month's Fed meeting showed officials wanted to maintain policy rates amid stubborn inflation and economic uncertainty.

Mortgage rates have held steady to begin the year as inflation fears and concerns over a surge in debt issuance have failed to materialize.

New jobless claims increased moderately last week, suggesting the labor market remains on solid ground.â€¯

Housing News

The NAHB reports a sharp decline in builder sentiment in February, due to concerns over tariffs, elevated mortgage rates, and high housing costs.

Winter storms slowed single-family homebuilding in January. A limited rebound is expected amid tariffs and elevated mortgage rates.

Mortgage demand dipped last week. Applications fell 6.6% for the week, as affordability continued to sideline potential buyers.

MarketMinute | Rental and for-sale inventory news

Feb 14

4:07

AM

Category | Markets in a Minute

Consumer prices increased the most in 1.5 years in January, reinforcing the Fed's message that it was in no rush to resume cutting policy rates.

In Congressional testimony, Fed Chair Powell said the economy is doing well and the Fed can take its time to decide on future policy rate cuts.

New applications for unemployment benefits fell last week, suggesting the labor market remained stable early in February.â€¯

Housing News

Purchase mortgage applications declined again, falling 2% for the week. Demand was 2% higher than the same week a year ago.

ICE reports a 22% growth in for-sale inventory in 2024. At the current pace, the market would return to pre-pandemic inventory by mid-2026.

Rising rental supply is fostering a renter-friendly market, but slowing multifamily construction may tighten the market after this year.