Tag "mortgage"


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UK BBA Report Weakness in Mortgage Approvals

UK BBA Report Weakness in Mortgage Approvals

🕔September 26, 2016

In the latest data coming from the British Bankers Association (BBA), the number of mortgage approvals dropped from July’s 37,700 to the value of 37,000 for the month of August. The release was marginally lower than the consensus forecast of a slump to 37,300 with an annual decline of almost 20% and the lowest release since the start of 2015, holding an overall anticipation for a slowing in the housing market.…

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MBA Reports 0.9% Increase in Applications

MBA Reports 0.9% Increase in Applications

🕔September 7, 2016

The latest release coming from the US Mortgage Bankers association has reported a seasonally adjusted 0.9% rise in applications for the most recent week ending on September 2nd. This was on the trail of a previous growth of 2.8% in the previous week with the annual increase now at 28%.…

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US Homebuilders Survey Shows Labor Shortage and Higher Costs

US Homebuilders Survey Shows Labor Shortage and Higher Costs

🕔September 6, 2016

During the housing bust of 2008, about 30 percent of USA’s construction workers had to move on to different fields of work. In 2016, the National Association of Homebuilders have raised a red flag that there is a construction recovery but now the homebuilders are finding it difficult to get workers who have the right levels of experience.…

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