Amherst finds mortgage market underestimates looming defaults; austin-area home sales hit 7-year high [VIDEO] Freddie Mac CEO: Job is public service, pay cap is symbolic; HousingWire News Podcast: If your lending tech isn’t what Millennials want, can you survive long-term?The contribution of housing to US GDP continues to run at some of the lowest levels since the end of World War II. New construction of single- and multi-family homes, renovations, broker fees and the like still only make up a bit more than 3% of current GDP, well below the post-war average of 4.7%.
The number of U.S. workers filing new claims for unemployment benefits edged lower last week, suggesting the job market continues to recover despite rising energy prices and the potential for.
Jobless claims fell last week. NEW YORK (CNNMoney) — First-time claims for unemployment benefits fell last week, but whether this signals strength in the broader job market remains to be seen.