OSCG BLOG POST

Did You Know?

- 11/23/20

Did You Know?

The US housing market remains strong: The NAHB Housing Market Index for November rose to an all-time high of 90 from 85. All three components of the index registered record highs, indicating that builders are extremely optimistic about current and future conditions in the housing market. Housing starts accelerated in October to 4.9% month-on-month, beating expectations of a 3.2% increase.

Office Leasing activity halved during the 3rd quarter compared with the same period of 2019, according to JLL. In the U.S., the decline was even sharper at 55%. (WSJ) Having a designated home office has never been more appealing to potential buyers.

For the 13th time in 2020, mortgage rates set a new weekly record low on Thursday, according to data that Freddie Mac has been compiling for nearly 50 years. The average rate for a 30-year fixed-rate mortgage hit 2.81 percent for the week ending November 19, a drop from 2.84 percent the week prior.

Click here to go back to OSCG News.