30-year fixed-rate mortgage averaged 3.02 percent
Rising prices became a top concern across the construction industry.
Prices paid for goods used in residential construction ex-energy rose 3.6% in May.
Construction of long-term housing fell 5.5 million units short of historical levels over the past 30 years.
30-year fixed-rate mortgage (FRM) averaged 2.93 percent.
Starts surged 50% on a year-over-year basis in May.
Consumers appear to be acutely aware of higher home prices and the low supply of homes
Mortgage lenders loosened credit standards
Skyrocketing lumber prices and supply-chain challenges continue to slow home construction
While the moratorium has protected millions of tenants, it has also resulted in financial hardships for landlords.
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