Wilson Lumber Company will host a luncheon on March 7 for women in the construction industry, as part of their celebration of the 26th Anniversary of Women in Construction Week (WIC Week). This year, Women in Construction Week will be observed from March 3-9. “The designated week, established in 1998 by the National Association of […]
The Consumer Price Index, tracking the economy during the first month of 2024, suggests that the Federal Reserve will be unlikely to cut interest rates until late spring at the earliest. Data for January showed that the annual inflation rate registered at 3.1%. While this is a noticeable decrease from the 3.4% of December, economists […]
Mortgage application volume dropped by 7.2% last week, a drop that the Mortgage Bankers Association is attributing to intense competition among buyers for a relatively small number of units available. Across the nation, applications for mortgages for purchasing homes specifically declined by 11% over the week, which represented a total drop of 20% year-over-year. This […]
The Huntsville Area Association of Realtors (HAAR) has released statistics for the Huntsville/Madison County market that shows that our local real estate market is defying national trends in terms of pending sales. Nationally, pending sales have been dropping. According to the National Association of Realtors (NAR), pending home sales have declined by an average of […]
The national real estate market continues to struggle to meet consumer demand for housing, with the National Association of Home Builders reporting a six-point drop in new home construction sentiment from July to August. As a result, the national squeeze on housing inventory continues. Investor purchases – purchases by a business or institution – of […]
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