While headline inflation has cooled, core inflation—price increases minus food and... More
Despite uncertainty in the banking sector, the Federal Reserve’s actions signal a... More
Sales fell 28.4% on a year-over-year basis as high mortgage rates priced out many... More
The 7.08% average for the 30-year FRM is more than 4 percentage points higher than... More
A shortage of entry-level houses and rising interest rates will influence the... More
Interest paid must be used for buying, building, or substantially improving a... More
Remodelers and industry insiders consider the impact of dropping home prices and mortgage interest rates on a potential new sector of remodeling clientele. More
Most contractors find that people who finance home improvements tend to spend more... More
The Conference Board's index went from 79.6 in October to 84.1 the following month. According to the U.S. Bureau of Labor Statistics, the seasonally adjusted unemployment rate for construction workers this October is nearly 10%, up significantly from 8.3% a year ago. More
At 49.3 in the third quarter, the RMI for current conditions is down from 52.7 in the second quarter; the Future Expectations Index dropped to 48.0 from 52.2 a quarter earlier. Consumer confidence Consumer confidence fell for the fifth straight month in October. Second mortgage interest rates were about 5.13% in October vs. the record low of 5.11% in September. More
