October 19, 2022

MBA Mortgage Applications (week ended (7/14/2022)

- Purchase Index week/week -3.7%. Previous weeks were -2.1%, -12.6%, -0.4%, +1.0%, +0.2%,  -0.7%, -1.8%, -0.5%, -0.8%, -1.4%, 1.0%, -0.8%, -7.3%, 3.6%, -4.3%, +0.1% , +7.9%, 8.1%, and 7.1%.

- Refinance Index week/week -6.9%. Previous weeks  were -1.8%, -17.8%, -10.9%, +10.4%, -1.2%,-1.1%, -7.9%, -2.8%, -5.4%, 3.5%, 1.5%, 3.7%, -4.3%, 2.2%, -7.7%, +1.9%, -3.1%, and 3.7%.

- Composite Index week/week -4.5%. Previous weeks were -2.0%, -14.2%. , -3.7%, +3.8%, -4.2%, 0.8%, -3.7%, -1.8%, -7.9%, -1.2%, -2.3%, 0.2%, 1.2%, -1.8%, -6.3%, -1.7%, -5.4%, +0.7% , and +4.2%.

Source:  MBA. https://www.mba.org/news-and-research/newsroom/news/2022/10/12/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

Housing Starts and Permits (September 2022)

- Starts - Annual Rate    1,439,000. Previous was 1,566,000

- Permits - Annual Rate    1,564,000. Previous was 1,517,000

A goal must be to keep starts above the 1.500,000 annual needed to accommodate expanded population and units lost. 

SFR Starts were 1,094,000.

Source:  Census  Details:  https://www.census.gov/construction/nrc/pdf/newresconst.pdf