Eye On Housing
In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, underwent a series of weekly declines, decreasing in the latest week by 6.3 percent. The latest week’s survey is for the week ending April 1. The latest week’s activity consisted of a 3.4 percent decrease in purchasing and a 9.9 percent decrease… Read More ›
Rising job openings and employment in residential building construction industry pushed wages significantly higher after the Great Recession, with some states experiencing wage growth exceeding three times the national average from 2010 to 2015. The preliminary Quarterly Census of Employment and Wages (QCEW) data from the Bureau of Labor Statistics show that the average annual pay for residential building construction… Read More ›