Weekly Market Observations — October 4, 2023
Here’s Our Weekly Market Observations :
Pending home sales down 7.1% from July to August and 18.7% YOY
Multifamily starts down 26.3% from July and 41% YOY
Multifamily permits up 14.8% from July but down 17.7% YOY
Single-family starts down 4.3% from July but up 2.4% YOY
Single-family permits up 2% from July but down 7.2% YOY
Average 30-year fixed mortgage rates up slightly to 7.31%
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