Peter McNally NMLSR ID 459955 - Wells Fargo

08/03/2026

New home sales climbed 1.6% in June after slipping 2.0% and 4.3% in April and May. June’s annualized sales pace of 628,000 units is 7.4% below the 678.000-unit pace from 2025. Through the first half of 2026, sales are 5.2% below sales in the first half of 2025. The inventory of completed homes on the market stood at 118,000 units at the end of June, the same as its June 2025 inventory.

This page provides national and regional data on the number of new single-family houses sold and for sale. It also provides national data on median and average prices, the number of houses sold and for sale by stage of construction, and other statistics. The data are from the Survey of Construction....

07/02/2026

🎉 What a first half of the year! 🎉

Grateful to share that my team and I funded $189 million in home loans so far this year, helping 34 individuals and families achieve their homeownership and financial goals.

A sincere thank you to my clients for your continued support. Every transaction represents a unique story, and it's an honor to be part of the journey.

As we move through the remainder of the year, I'm committed to delivering exceptional service, strategic financing options, and a smooth mortgage experience for every client.

Here's to continued success and helping more families find their way home! 🏡

05/27/2026

Through the first four months of 2026, housing starts are running 2.2% ahead of the pace from last year. Nevertheless, single-family starts declined 9.0% in April and are down 5.1% year-to-date. In contrast, multifamily housing starts have surged, with year-to-date starts up 20.1%. Specifically, April multifamily starts hit an annual rate of 529,000 units, a 27.1% increase over total starts in 2025.

This page provides national and regional data on the number of new housing units authorized by building permits; authorized, but not started; started; under construction; and completed. The data are for new, privately-owned housing units, excluding "HUD-code" manufactured (mobile) homes. The data ar...

02/23/2026

Housing starts ended 2025 with solid gains of 3.9% and 6.2% in November and December, respectively. Nevertheless, the total of 1.359 million starts last year was a 0.6% decline from 2024. Single-family starts, about 70% of total starts, dropped 6.9% in 2025 to 943,000 units. Multifamily starts, on the other hand, climbed to 415,700 units, 17.3% above 2024’s starts.

12/15/2025

The Federal Reserve cut its short-term interest rate target by 25 basis points on Wednesday, December 10. That’s the third consecutive FOMC meeting resulting in a quarter-point cut. The target range for overnight lending in the fed funds market is now 3.75% to 3.50%, its lowest level in three years. The next FOMC meeting is scheduled for January 27-28.

The Federal Reserve Board of Governors in Washington DC.