Home >> Tag Archives: Census Bureau (page 20)

Tag Archives: Census Bureau

April New Home Sales Climb 3.3%, Beating Earlier Forecasts

New homes sales rose 3.3 percent in April to a seasonally adjusted annual rate of 343,000, the Commerce Department and HUD said jointly Wednesday. Sales for March were revised upward from 328,000 to 332,000. Economists had expected the report to show a seasonally adjusted annualized rate of 335,000 new home sales in April. New home sales in April were up 9.9 percent from April 2011, the seventh straight month of year-over-year increases. The increase came despite survey results that showed new home shoppers had fallen.

Read More »

Housing Permits Drop as Starts Increase in April

Housing permits dipped in April for the first time in four months, the Census Bureau and Department of Housing and Urban Development reported jointly Wednesday but housing starts improved. Both indicators remained far above year-earlier levels. The month-over-month increase in starts in April appeared still larger because of a downward revision to March's report. Economists surveyed by Bloomberg expected permits to drop month-over-month and starts to increase over the same time.

Read More »

Capital Economics Sees Improvement Ahead for Housing

Noting some recent strengthening in demand in the housing market, Capital Economics suggests housing prices "are close to, or already through, their trough," and recovery will continue through the coming months. While acknowledging the decline in home sales in March, Capital Economics├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó analysts remain optimistic due to the recent increases in pending home sales. The National Association of Realtors' latest Pending Home Sales Index in March reached 101.4, its highest level since April 2010. Recent data on mortgage applications also point toward a strengthening market.

Read More »

Homeownership Rate Plummets to 15-Year Low

Homeownership rates dropped to 65.4 percent in the first quarter, reaching lows not seen in fifteen years, the Census Bureau said Monday. According to government data, the homeowner vacancy rate also fell to 2.2 percent nationwide, down from 2.6 percent in the first quarter of 2011 and the rental vacancy rate dropped to 8.8 percent from 9.7 percent one year earlier. The median asking sale price for a vacant home fell to $133,700 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the lowest level since second quarter 2005 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô from $133,800 in the fourth quarter and $143,700 one year earlier.

Read More »

New Home Sales See Steepest Decline in 13 Months

New homes sales fell 7.1 percent in March to a seasonally adjusted annual rate of 328,000, the steepest percentage decline since February 2011, according to the Commerce Department. Sales for January were revised upward from 313,000 to 353,000. Economists had expected the report to show a seasonally adjusted annualized rate of 318,000 new home sales in March. New-home sales in March were up 7.5 percent from March 2011. The median price of a new home fell 1.0 percent in March to $234,500, but was up 6.3 percent from March 2011.

Read More »

Multifamily Surge Leads Housing Permits to Four-Year High

Housing permits surged another 4.5 percent in March to a seasonally adjusted annual rate of 747,000, the highest level since September 2008, the Census Bureau and Department of Housing and Urban Development reported jointly Tuesday. At the same time though, housing starts fell for the third time in the last four months to the lowest level since last October. March housing starts were reported at a seasonally adjusted annual rate of 654,000 compared with 694,000 in February. Starts have been flat for the past three years.

Read More »

New-Home Sales Fall in February for Second Straight Month

New-homes sales fell 1.6 percent in February to a seasonally adjusted annual rate of 313,000, the second straight monthly decline, the Commerce Department and HUD jointly reported Friday. Sales for January were revised downward from 321,000 to 318,000. The median price of a new home in February jumped to $233,700 from $215,700. The median price in February was the highest since last June when the median price hit $240,200.The median price in February was 6.2 percent higher than figures for the same seen in February last year.

Read More »

Single-Family Starts Plunge, Permits Increase in February

Housing starts fell 1.1 percent in February to 698,000, compared with market expectations for a smaller decline, the Census Bureau and HUD jointly reported Tuesday. Single-family starts plunged 9.9 percent to 457,000, the steepest decline in a year, according to the agencies. The starts suggest strongly January's unexpectedly strong report was influenced by unseasonably warm weather, which pulled starts forward. Single-family starts have been weak for the past three years. Housing permits, unaffected by weather, rose 5.1 percent in February.

Read More »

New Home Sales Fell Slightly in January

New home sales fell 0.9 percent in January, declining from 324,000 in December to a seasonally adjusted annual rate of 321,000. The Commerce Department found that the new home sales from January reflected a 3.5-percent increase year-over-year, up from a seasonally adjusted annual rate of 310,000. Sales in the Northeast accordingly leapt forward by 11.1 percent from December but fell 39.4 percent from January last year. The South boasted still-strong numbers on either basis, up 9.3 percent month-over-month and 15.3 percent year-over-year.

Read More »

Mortgage Rates Lift on Greek Bailout, Housing

Interest rates for mortgage loans climbed close to 4 percent this week as a second Greek bailout sowed more confidence in the investor crowd and signs emerged that housing may see an upswing. Finance Web site Bankrate.com and mortgage company Freddie Mac each released separate surveys, with analysts attributing the rise to different causes. The GSE found the 30-year fixed-rate mortgage lifting to 3.95 percent, up from 3.87 percent. Bankrate.com saw rates for the loan hit 4.16 percent, up from 4.10 percent last week.

Read More »

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.