Mortgage Economic Review March 2023

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage, Housing, and Finance Professionals.

AT A GLANCE - Key Economic Events and Data released during February 2023

Interest Rates: The 10-Year Treasury yield rose to 3.92% (Feb 28) from 3.52% (Jan 31).

Housing: Existing Home Sales fell 0.7%, New Home Sales rose 7.0%, and Pend...

New Construction Mixed in January as Permits Up Slightly While Starts Fall

The housing market continues to struggle ahead of the spring buying season.

By Tim Smart

Feb. 16, 2023, at 9:31 a.m.

The market for new homes remains caught in a vise of high prices and elevated mortgage rates, data from the Census Bureau and Department of Housing and Urban Development showed on Thursday.  

In January, building permits rose 0.1% from a m...