AVERAGE 15- & 30-YEAR FIXED RATE MORTGAGES

The Freddie Mac Weekly Primary Mortgage Market Survey (PMMS) reports the average 15- and 30-year fixed rates for mortgage products. It comes from a survey of lenders and is based on first-lien prime conventional conforming mortgages with a loan to value ratio of 80 percent. Current rates have risen slightly since May 2013 but are still near historic lows. Rising rates could affect the pace of the housing recovery. The 15-year fixed rate is especially important for homeowners looking to refinance.

 

 

S&P/CASE-SHILLER 20-CITY HOME PRICE INDEX

The S&P/Case-Shiller home price index is released monthly for the one two months previous. The release is an index of home prices in 20 of the largest metropolitan areas across the country. It is a reputable and widely reported indicator of home prices. Home prices have declined significantly since their peak in 2006 but have improved markedly in the past year in most metro areas.

Source: http://www.standardandpoors.com/indices/sp-case-shiller-home-pri..

FHFA HOUSE PRICE INDEX

Similar to the Case-Shiller Index, the Federal Housing Finance Agency's House Price Index (HPI) a broad measure of single-family house prices. Information for the index is derived from properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac from all 50 states and the DC area.

Source: http://www.fhfa.gov/Default.aspx?Page=87

 

NEW HOME SALES

Data on new residential sales is released monthly by the Census Bureau in conjunction with HUD, detailing the number of new single-family houses sold in a given month in the United States. This measure excludes the sales of multifamily units like condominiums and apartments. The overall number of sales has declined significantly from the peak of the housing bubble but has recovered some in the past year, still far below peak levels. On the left axis are sales not seasonally adjusted. On the right axis are sales seasonally adjusted to an annual rate.

 
 

NAHB/WELLS FARGO HOUSING MARKET INDEX

The National Association of Home Builders (NAHB) releases its Housing Market Index monthly to record builder sentiment on the demand side of the single-family housing market. The index is frequently used in assessments of housing market conditions. It is derived from a survey of builders who rate the market based on sales and expectations. The index is often used to provide early indications of current housing markets conditions and to predict housing single family housing starts and permits. 

 
 

NAR HOUSING AFFORDABILITY INDEX

The National Association of Realtors releases updated numbers on housing affordability monthly. The measure is an index in which the value of 100 means a family has exactly enough income to qualify for a mortgage on a median-priced home. Measures above 100 mean that a family has more than enough income to qualify. Since the housing bubble, home affordability has been high, a positive sign for a recovery in demand. Most recently though, affordability has fallen slightly with rising interest rates and house prices.

 
 

HOME & RENTAL VACANCY RATES

The homeowner vacancy rate is the proportion of the homeowner inventory which is vacant for sale. The rental vacancy rate is the proportion of the rental inventory which is vacant for rent. Both having important implications for the housing market. They gauge the economic climate by estimating the percentage of vacant units among all housing inventory. Inventory factors into home prices and the general outlook of the market.

 

 

HOUSING STARTS

Housing starts and permits data are released by the Census Bureau as part of its "New Residential Construction" report. Housing starts are seasonally adjusted and count only privately-owned housing starts. Starts and permits are important indicators on the supply side of the housing market. Starts are divided here between single family units and multifamily units, like apartments and condominiums.

 
 

HOUSING STARTS

Housing starts and permits data are released by the Census Bureau as part of its "New Residential Construction" report. Housing starts are seasonally adjusted and count only privately-owned housing starts. Starts and permits are important indicators on the supply side of the housing market. This charts divides starts by region.

 
 

HOUSING PERMITS

Housing starts and permits data are released by the Census Bureau as part of its "New Residential Construction" report. Building permits are also seasonally adjusted and only apply to privately-owned housing units recently authorized by building permits. Starts and permits are important indicators on the supply side of the housing market. Permits are divided here between single family units and multifamily units, including apartments and condominiums.

 

 

RESIDENTIAL CONSTRUCTION SPENDING

Residential construction spending data releases are monthly estimates of the total dollar value of construction of residential properties. Information on residential construction comes from a larger compilation of all construction work, including construction both privately and publicly funded. The levels of public and private residential construction spending are shown here.

 
 

RESIDENTIAL CONSTRUCTION SPENDING

Residential construction spending data releases are monthly estimates of the total dollar value of construction of residential properties. Information on residential construction comes from a larger compilation of all construction work, both privately and publicly funded. This chart shows residential spending as a percentage of all construction spending.

 
 

PRIVATE RESIDENTIAL CONSTRUCTION SPENDING

Private residential construction spending data releases are monthly estimates of the total dollar value of construction of residential properties by private entities. Information on residential construction comes from a larger compilation of all construction work. Private residential construction spending in this graph is broken down by single family and multifamily construction spending.

 
 

MBA MORTGAGE ORIGINATION ESTIMATES

The Mortgage Bankers Association releases data on the number of mortgages originated each quarter. Mortgages originations, shown in dollars, indicates the level of market activity. Divided here between original purchases and refinances provides even greater insight into the types of originations and the condition of the market recovery.

Source: www.mortgagebankers.org/ResearchandForecasts/Forecastsand

 

LOAN DELINQUENCY RATES

Delinquency rates on all loans secured by real estate and commerical banks are released by the Board of Governors of the Federal Reserve. Seasonally adjusted, the measure indicates the percentage of borrowers who have been unable to make timely payments on their loans. This measure is reflective of the overall economy and macroeconomic factors like unemployment. This data is released quarterly with the Fed report on "Charge-Off and Delinquency Rates on Loans and Leases at Commerical Banks."

 

HOUSEHOLD REAL ESTATE EQUITY

The amount of household real estate equity is the total net worth of household real estate holdings in the United States. As home prices plummeted with the bursting of the housing bubble, home equity plummeted. The loss in equity cannot be regained without economic growth and higher home prices. Household home equity data is released quarterly as part of the Z.1 Flow of Funds Accounts of the United States by the Board of Governors of the Federal Reserve System.

 
 

MORTGAGE DEBT OUTSTANDING

Data on the total amount of mortgage debt outstanding is released quarterly as part of a larger report on the flow of funds accounts of the United States released by the Board of Governors of the Federal Reserve. Mortgage debt, like other forms of debt, can have a very real impact on consumer spending and the overall economy.

 
 

HOMEOWNERSHIP RATE

Federal policy has long played a role in incentivizing homeownership. The homeownership rate, released by the Census Bureau quarterly, is an important indicator for the larger economy because of the outlying effects of homeownership. With the rising trend towards rental housing, the homeownership rate has been closely watched. It is calculated by dividing all owner-occupied units by the total number of occupied housing units in the United States. The current rate is the lowest in more than 10 years.

 
 

NONFARM PAYROLL EMPLOYMENT 

Nonfarm payroll employment data comes from the Bureau of Labor Statistics which surveys 145,000 businesses and government agencies monthly in order to provide detailed industry data on employment, hours, and earnings on nonfarm payrolls. During the recession, employment fell by 7.4 million. Since the recession ended, job growth has averaged 123,000 jobs added per month. The state of labor markets deeply affects the performance of the housing sector.
 
 
 
 
LAST UPDATED 4/16/14