Housing Starts rose for the second straight month in October, beating expectations and suggesting that the lack of existing homes for sale continues to boost the new construction market. Building Permits, a sign of future construction, also increased last month, with single-family permits reaching their highest level in a year. #homebuyers #homebuilder #newconstruction #realestate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Pending Home Sales
Pending Home Sales (signed contracts on existing homes) surged 8.3% from November to December, due in large part to falling mortgage rates per the NAR. Their Chief Economist, Lawrence Yun,