Market Perspective

Millennials fueling home purchases as market activity picks up

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Housing shows strength, despite broader economic decline.

Sources:

[1] National Association of Realtors® (NAR), Existing-Home Sales, June 2020.

[2] U.S. Census Bureau, HUD, Monthly New Residential Sales, June 2020.

[3] NAR, Pending Home Sales Index, June 2020.

[4] U.S. Census Bureau, HUD, Monthly New Residential Construction, June 2020.

[5] National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), June 2020.

[6] Mortgage Bankers Association (MBA) Builder Application Survey, June 2020.

[7] U.S. Census Bureau, Quarterly Residential Vacancies and Homeownership, Q2 2020.

[8] Ellie Mae® Millennial Tracker, June 2020..

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