Mortgage rates have been hovering near historic lows for the past several months, which seems to have had a positive effect on new home sales. But have the low rates translated to an increase in homeownership?
Read More »It Looks at Lot Like 2008 for New Home Sales
Sales of newly constructed homes took a sharp upturn in June, making the month the best for new home sales since the eve of the housing crash.
Read More »The Week Ahead: The Ups and Downs of New Home Sales
New home sales rode high in April, but were shot down in May. How will they do in June? The industry will find out when HUD/Census Bureau release June's report.
Read More »New Home Sales Reverse Course
The pace of new home sales dropped off in May, but that may have been expected due to April's large jump.
Read More »The Week Ahead: Can New Home Sales Keep it Up?
New home sales in April shot up to their highest level since 2008 despite tight inventory. Can they keep it up in May? HUD and Census Bureau will release the results on Thursday.
Read More »New Home Sales Skyrocket to an 8-Year High
New single-family home sales did something remarkable this month. Sales in this sector rose significantly month-over-month and year-over-year to reach the highest level since 2008 despite falling inventory levels.
Read More »The Week Ahead: GDP Growth in the Spotlight
The Bureau of Economic Analysis (BEA) will release the second of three estimates for the nation's first quarter GDP growth this week. In the advance estimate for the first quarter released in late April, the BEA reported GDP growth to be a weak 0.5 percent.
Read More »The Week Ahead: Wishful Thinking for New Home Sales
The mortgage industry is now anticipating where new single-family home sales will fall, following existing-home sales major feat against supply challenges last week.
Read More »The Week Ahead: A Tough Road for Home Sales
Last month, new single-family home sales failed to impress, dropping nearly 10 percent, while existing-home sales saw little movement. Many in the industry are a bit skeptical of a turnaround this month due to a lack of inventory.
Read More »New Single-Family Home Sales Dip, But is the News All Bad?
New single-family home sales and the median home price began the year on weak note in terms of the monthly changes, but there are some optimistic signs behind the data.
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