U.S. Economy

A New York homebuilder has put a 3D-printed home on the market for the first time in the United States, and he is getting a lot of offers.

Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020.

Democrats are pushing to get a $15 federal minimum wage into President Joe Biden’s Covid relief package. For many, that pay still wouldn’t be enough.

President Joe Biden called for extra unemployment benefits to phase out based on economic or health metrics. But there’s one problem: Which metric to use?

“It would have been three miserable days without the truck,” Jerry Hall, 73, of Kerrville, Texas, said in a phone interview.

After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply.

Treasury Secretary Janet Yellen said Thursday that any tax increases sought by the Biden administration would be introduced gradually.

Extreme winter weather in the South and resulting power outages increase demand for generators, Generac CEO Aaron Jagdfeld said.

The average contract interest rate for 30-year fixed-rate mortgages increased to 2.98% from 2.96% last week. Total mortgage application volume fell 5.1% last week from the previous week, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 5% for the week. Mortgage applications to purchase a home fell 6% for the week. Another week of rising…

Struggling homeowners received some welcome news Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief.

Almost 2 in 3 workers collecting unemployment benefits lost their jobs multiple times during the Covid pandemic, according to new research.

Robert Johnson, founder of BET, told CNBC on Tuesday he wants to see Black History Month put more emphasis on ways to reduce racial inequality.

Bidding wars are off the charts, even as home prices are rising rapidly.

President Joe Biden and congressional Democrats are trying to pass another $1.9 trillion of Covid relief. Extra unemployment benefits are part of the package.

Small business confidence is down amid the pandemic whipsaw of closures and reopenings, according to the latest CNBC|SurveyMonkey Small Business Survey.

Demand for new homes was initially strongest among millennials but has since spread across all age groups, Taylor Morrison CEO Sheryl Palmer told CNBC.

The challenge is to “increasingly turn more of that shopping and dreaming traffic into transactions,” Zillow CEO Rich Barton told CNBC.

Mortgage interest rates have increased in four of the first six weeks of 2021, putting a chill on mortgage demand.

Mortgage delinquencies have dropped to the lowest level since the start of the pandemic, but the numbers don’t appear to be improving much anymore.