Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

Housing Affordability Hits Record Low but Nears Turning Point

Housing Affordability Hits Record Low but Nears Turning Point

Washington, DC, February 9, 2023—Mirroring a steep rise in mortgage rates that began in the early part of 2022 and coupled with ongoing building material supply chain bottlenecks that increased construction costs, housing affordability posted three consecutive quarterly declines in 2022 and now stands at its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012.

Mortgage Applications Rose 7.4% in Week Ending February 3

Mortgage Applications Rose 7.4% in Week Ending February 3

Washington, DC, February 8, 2023—Mortgage applications increased 7.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 3, 2023.