Mortgage Market Deep Dive; Builders Buoy Sales; Rates Start High, Finish Low
The Urban Institute (UI) releases a regular report, Housing Finance at a Glance , a "chartbook" loaded with charts and commentary on mortgage activity . Much of the May chartbook's material, is retrospective, reaching back as far as Q4 2019 where there is a time lag in data collection. Much of it, residential construction data, home price indices, negative equity reports, etc., has been covered by MND from original sources, but we have cherry-picked a few items that may have otherwise escaped your and our notice. The total value of the housing market, as outlined in the Federal Reserve's Flow of Fund Report has gradually increased since 2012, driven primarily by growing home equity. The Q4 2019 numbers show that while total home equity was steady this during that quarter at $19.7 trillion,
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