The U.S. Bureau of Labor Statistics Employment Summary released in early February reported an average hourly wage gain of 12 cents month-over-month, from $24.63 to $24.75. Still, U.S. Treasury Secretary Jacob Lew said after that report was released that more wage growth is needed in order for the economy, and hence the housing industry, to recover.

Federal Reserve Chair Janet Yellen in her testimony to Congress on Wednesday said the Fed would be using "patience" on deciding when to increase interest rates. Yellen was cautious about citing any particular date for the increase, citing slow productivity growth as one of the reasons for the delay.

U.S. Department of Housing and Urban Development Secretary Julián Castro addressed the U.S. House Committee on Appropriations Wednesday on the Fiscal Year 2016 budget proposal for HUD, where he emphasized ...

The current 30-year fixed mortgage rate on Zillow mortgages has taken a slight dip down to 3.76 percent after reaching a 13-week high of 3.85 percent on Tuesday.

The latest Multi-Indicator Market Index (MiMi) from Freddie Mac, released Wednesday, showed that the U.S. housing market showed continued stabilization for the fourth straight month in December. According to the latest MiMi, 38 states plus the District of Columbia and 40 out of 50 metros showed an improving three-month trend in December. The metro areas of Buffalo, Boston, and Nashville, all entered their "benchmark stable" ranges of housing activity.

January saw relatively little change in the number of new home sales from December, according to data released today from HUD and the U.S. Census Bureau on new residential home sales in January; however, sales are on the rise from last year.

Data released from the FDIC and NAHB show the stock of 1-4 unit residential loans rose by $1.158 billion during the fourth quarter. That is an increase of 2.23 percent. While limited availability for construction loans has been preventing a rebound in home construction, residential loan stock has been rising for the past two years.

The Federal Housing Finance Agency (FHFA) will be trying to get the more than 20,000 New Jersey residents still eligible to sign up for the Home Affordable Refinance Program at their fifth outreach event to be held in Newark on March 4.

Home prices were a mixed bag in December with nine cities showing increases, six cities recording decreases, and five cities showing relatively flat changes. The S&P/Case-Shiller Home Price Indices, released Tuesday, show the national housing index fell 0.1 percent from November to December. However, the 10- and 20-city indices instead rose with a slight increase of 0.1 percent month-to-month.

The Housing and Insurance Subcommittee of the House Committee on Financial Services will hold the second hearing in the series, entitled The Future of Housing in America: Oversight of the Federal Housing Administration, Part II, on Thursday, February 26, beginning at 10 a.m. Eastern time.