News
Credit for Builders Tightens in the First Quarter, But Only Slightly
2+ day, 20+ hour ago (150+ words) More details from the Fed's survey of lenders'including measures of demand and net easing for residential mortgages'appeared in a previous post. Although results on the average effective interest rate were mixed on a quarter-to-quarter basis, the rate for each of…...
Single-Family Permits Continue to Weaken in Early 2026
2+ day, 22+ hour ago (164+ words) Over the first three months of the year, the number of single-family permits issued nationwide reached 214, 655. On a year-over-year basis, this represents a 7. 6 percent decline compared with the March 2025 total of 232, 221. On the other hand, multifamily permitting activity was stronger,…...
Mostly Unchanged Demand, Lending Conditions for Residential Mortgages in First Quarter " Eye On Housing
3+ day, 21+ hour ago (137+ words) For the CRE loan categories, multifamily registered a net easing index of 0. 0, while the net easing index for construction & development loans was -4. 8 in the first quarter of 2026. The Fed classifies changes between -5. 0% and +5. 0% as essentially unchanged. " "Remained basically unchanged" means…...
Delinquencies Holds Steady in First Quarter of 2026
4+ day, 21+ hour ago (493+ words) Consumer loan delinquency rates continued to normalize in the first quarter of 2026 as pandemic-related disruptions diminished and credit conditions moved closer to historical norms. According to the latest Quarterly Report on Household Debt and Credit from the Federal Reserve Bank…...
Residential Construction Input Prices Move Higher In April
4+ day, 20+ hour ago (303+ words) Prices rose across a host of goods and services used in residential construction. Rising energy prices were the primary driver, but transportation service prices also rose at their fastest pace since 2022. Meanwhile, building material prices, excluding energy, rose at their…...
Inflation Outpaced Wage Growth in April
5+ day, 19+ hour ago (223+ words) On a non-seasonally adjusted basis, the Consumer Price Index (CPI) rose by 3. 8% in April from a year ago, following a 3. 3% increase last month, according to the BLS latest report. This was the largest annual increase since May 2023. On a monthly…...
Consumer Credit Accelerated in Q1 2026
5+ day, 22+ hour ago (257+ words) Nonrevolving credit, largely driven by student and auto loans (the G. 19 report excludes mortgage loans), reached $3. 80 trillion (SA) in the first quarter of 2026. This marks a 3. 02% increase (SAAR) from the previous quarter, and a 2. 34% increase from a year ago. Student loan…...
Existing Home Sales Edged Up Slightly in April
6+ day, 18+ hour ago (387+ words) Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, rose 0. 2% to a seasonally adjusted annual rate of 4. 02 million in April, according to the National Association of Realtors (NAR). On a year-over-year basis, sales were unchanged from a year…...
Residential Building Worker Wages Remain Soft in Early 2026 Amid Slower Housing Activity
6+ day, 21+ hour ago (140+ words) In nominal terms, average hourly earnings (AHE) for residential building workers increased 2. 1% year-over-year in March 2026, down notably from the 9. 4% peak reached in mid-2024 and continuing the broader cooling trend observed throughout 2025. After accounting for inflation, real wages declined 1. 2% year-over-year in March…...
Housing Starts Increase in March
1+ week, 2+ day ago (18+ words) Eye On Housing To schedule a presentation for your group email econ@nahb. org....