Steep declines occurred in both major components as the average contract rate for a 30-year fixed-rate mortgage jumped 35 basis points (bps) to an average of 7.4% in October. Purchase applications ...

Inflation concerns continued to put upward pressure on Treasury yields, as elevated energy prices stemming from the ongoing conflict with Iran contributed to accelerating inflation. Inflation ...

The number of open jobs for the overall economy increased in September, rising to 7.5 million. The September reading was higher than a year ago (7.17 million). The September data revealed a rise in ...

Over the year, remodeling spending was down 18.0%. Both spending on single-family and multifamily construction were unchanged from August but were down by 2.4% and 0.2% from a year ago, respectively.

Interior finishes (drywall, interior doors, painting, cabinets, countertops, plumbing fixtures, flooring, etc.) take more time to complete—6.4 weeks, on average—than any other major stage of ...

The graph below plots the share for housing services and RFI, along with housing’s total share of nominal GDP. Housing service expenditures are much less volatile when compared to RFI due to the ...

Among these three divisions, West North Central recorded the largest average finished basement area at 957 square feet (sq. ft.), followed by Middle Atlantic (830 sq. ft.) and New England (810 sq. ft.

The U.S. economy grew at a faster pace in the third quarter of 2026, supported by stronger consumer spending, robust business investment, and increased government spending. However, residential ...

Electricians are expected to record the largest increase, adding 65,700 jobs between 2025 and 2035. Heating, air conditioning, and refrigeration mechanics and installers are projected to gain 40,900 ...

High mortgage rates and economic uncertainty continued to keep potential home buyers on the sidelines and constrain new home sales in September. New home sales declined from August and remained below ...

The Federal Reserve maintained the federal funds rate at a target range of 3.75% to 4% at the conclusion of its October policy meeting. Approved by a 10–2 vote, the decision followed September’s ...

The latest homeownership rate reached 65.5% in the third quarter of 2026, according to the Census’s Housing Vacancy Survey (HVS). While this was a modest quarterly decrease, the broader picture ...