Unemployment continues to go up despite the efforts that companies put forth to stay open. Lay offs are beginning to drop and occur less often, but it doesn’t it isn’t happening. Many continue to lose their jobs which means they are unable to continue paying for their homes and end up in foreclosure. There was a slight decrease in foreclosure notices since the moratoriums have occurred and in some states are mandated until further notice.

In February to March foreclosures went up 17 percent after most moratoriums were stopped across the country. Compared to a year ago foreclosures went up more than 45 percent.

New homes continue to be built across the country. New multi-family homes dropped by almost 11 percent. Single family are still selling and being built about the same rate as several months ago. Even though there are plenty of foreclosed homes on the market there is still construction going on to build new homes either multi-family or single family homes.

Banks are showing profits from the past year. JP Morgan Chase bank made more than $2 billion in profits. Other banks continue to show progress and stability as fewer banks are going under and needing government assistance. This allows more loans to be disbursed and more opportunities for potential home buyers to receive loans.