Housing – CME Lumber Futures Price Lumber futures are at record highs and could jeopardize housing affordability. Image: The Daily Shot
Housing – U.S. Home Prices and Lumber Price Will the housing market boom continue, as U.S. home prices rise to seven-year high? Image: BofA Global Investment Strategy
U.S. Housing Starts and New One Family Houses U.S. housing starts fell 6% in January. Usually, a continued downturn may signal a contraction of the economy. And historically, a decline in residential real estate has led several recessions. But housing is already in a slump and shouldn’t cause a recession.
U.S. New Private Housing Units Authorized by Building Permits and Recessions In January, U.S. building permits rose 1,881 million (annualized). Historically, before recessions, building permits tend to peak and then decline.
U.S. Housing Market and 30-Year Mortgage Rate Mortgage rates hit new low, contributed to the boom in the U.S. housing market. Image: BCA Research
U.S. Housing – Existing Home Sales Median Price Existing home sales reached their highest level in 14 years, thanks to low rates. Image: Piper Sandler
U.S. Housing Demand and Mortgage Delinquencies A strong recovery in housing demand, but an increase in mortgage delinquencies. The wealth gap is widening in the United States. Image: BofA
U.S. Housing – MBA Purchase Applications Index Demand for housing has formed a V-shape in recent months. Image: Goldman Sachs Global Investment Research
Housing – Mortgage Loan Applications to Purchase a Home in the U.S. Mortgage loan applications to purchase a home in the U.S. are back to pre-pandemic levels. Image: BofA Global Research
U.S. Housing Sales U.S. housing sales are recovering from coronavirus, as builders have been reporting stronger demand. Image: Gavekal, Macrobond