Mon, Dec 23 2024, 3:08 PM
Those who spend any time digging into home construction and home sales figures in the U.S. know that, of the 4 census divisions, the South accounts fo...
Thu, Dec 19 2024, 3:33 PM
Just in time for the big jump in interest rates seen after yesterday's Fed announcement, the latest Existing Home Sales data from the National Associa...
Tue, Nov 26 2024, 10:31 AM
Even on a good day, the Census Bureau's New Residential Sales report has a notoriously wide margin of error. But today's 12.8% margin of error isn't ...
Thu, Nov 21 2024, 3:53 PM
As you may have gleaned from our coverage of new home sales, construction, builder confidence, and mortgage apps recently, there are only so many ways...
Mon, Nov 18 2024, 3:28 PM
Historically low interest rates may not have guaranteed historically high levels of housing activity, but exceptionally high rates have definitely mut...
Fri, Oct 25 2024, 11:41 AM
“A herd of cows broke into a Colorado weed farm. Police and animal control are on the scene, and the steaks are high.” This will be the last day in th...
Wed, Oct 23 2024, 3:15 PM
Housing was chugging right along in early 2020, then covid happened. Housing experienced lots of unexpected volatility with the most important develo...
Thu, Aug 29 2024, 11:54 AM
Home sale numbers continue to retreat and in July the National Association of Realtors’® (NAR) Pending Home Sales Index (PHSI) fell to its lowest lev...
Tue, Aug 27 2024, 11:51 AM
Two major home price indices show home price appreciation is still running well above historical norms. However, increases in the S&P CoreLogic Case-S...
Thu, Aug 22 2024, 2:39 PM
Existing Homes (the jargon word for a home that has already been owned and occupied) represent a much larger piece of the home sales pie compared to n...
Wed, Aug 21 2024, 8:21 AM
Two weeks ago, we saw a sudden surge in refinancing activity. The Mortgage Bankers Association (MBA) reported that, during the week ended August 9, it...
Wed, Jul 31 2024, 11:50 AM
Signed contracts for home sales increased in June, a broad-based improvement seen in all four major regions of the country. The National Association o...
Wed, Jul 24 2024, 12:03 PM
Interest rates and prices continued to curtail home sales in June. The Census Bureau and the Department of Housing and Urban Development reported on W...
Tue, Jul 23 2024, 12:04 PM
Existing home sales fell in June, but the median sales price hit a record high as it had also done in May . The National Association of Realtors® sai...
Tue, Jul 16 2024, 3:09 PM
The National Association of Home Builders (NAHB) blamed high interest for lagging new home sales and the resulting dampened industry confidence in bui...
Wed, Jun 26 2024, 11:28 AM
May turned out to be a dismal month for home sales. Sales of existing homes dipped a modest 0.7 percent from April, but new home sales fared far worse...
Tue, Jun 25 2024, 12:01 PM
Two major home price indexes had very different conclusions about the growth of annual home prices in April, but each showed a significant month-over...
Thu, Jun 20 2024, 8:31 AM
There was a slight increase in mortgage application volume during the week ended June 14. For a change, it was accounted for by the home purchasing co...
Thu, May 30 2024, 12:30 PM
Pending home sales fell another 7.7 percent in April according to the National Association of Realtors® (NAR). NAR’s Pending Home Sales Index (PHSI) ...
Wed, May 22 2024, 3:17 PM
The inventory of existing homes for sale increased from March to April, but the increased availability didn’t bolster sales. The National Association ...
Wed, May 15 2024, 1:54 PM
Builders’ confidence in the new home market retreated this month , the first decline since last November. The National Association of Home Builders (N...
Tue, Apr 30 2024, 12:24 PM
Home price increases continued to accelerate in February even as interest rates also moved higher. Both the S&P CoreLogic Case-Shiller Indices and the...
Tue, Apr 23 2024, 12:47 PM
Existing home sales posted strong gains in February while sales of new homes slipped slightly. In March each category switched directions. The U.S. Ce...
Tue, Apr 16 2024, 11:41 AM
While builder confidence in the market for new residential construction improved in March, it remained flat in April and residential construction numb...
Tue, Mar 26 2024, 1:53 PM
Sales of newly constructed homes were virtually unchanged in February. The 662,000 seasonally adjusted annual units recorded in during the month was d...
Fri, Mar 22 2024, 1:44 PM
Rather than easing back from the January level as expected, existing home sales shot significantly higher in February, The National Association of Rea...
Tue, Mar 19 2024, 12:51 PM
Builder confidence rose for the fourth straight month and residential construction stats may now be trying to catch up. Both construction permits and ...
Fri, Mar 1 2024, 3:51 PM
Sometimes you'll see coverage of economic data that conforms to certain template with a predictable details and word counts. Rarely, the word count w...
Tue, Feb 27 2024, 11:55 AM
Despite the upward path of interest rates, both the CoreLogic Case-Shiller indices and the Housing Price Index (HPI) published by the Federal Housing ...
Mon, Feb 26 2024, 3:24 PM
With the market for existing homes struggling amid a lack of inventory, New Home Sales continue doing the heavy lifting for the housing market. Rathe...
Thu, Feb 22 2024, 1:23 PM
Prospects for the spring market look a bit brighter as January numbers show an increase in both the pace of existing home sales and the size of the un...
Fri, Feb 16 2024, 11:10 AM
Even though the National Association of Home Builders (NAHB) reported the third consecutive increase in its measure of home builder confidence, actual...
Fri, Jan 26 2024, 12:54 PM
Pending home sales surged last month, far exceeding analysts’ expectations. The National Association of Realtors® (NAR) said its Pending Home Sales In...
Thu, Jan 25 2024, 2:43 PM
New home sales finished 2023 on a positive note , posting seasonally adjusted numbers higher than in both November and the prior December. The U.S. Ce...
Thu, Jan 18 2024, 12:39 PM
December’s housing starts failed to sustain their November growth but permit activity as well as positive news out of the National Association of Home...
Mon, Jan 8 2024, 1:33 PM
Even as consumer sentiment about housing remained generally pessimistic, a change in perceptions about the future of mortgage interest rates did a lot...
Thu, Dec 28 2023, 3:15 PM
The National Association of Realtors (NAR) releases two widely followed home sales reports. Existing Home Sales measure transactions of homes other t...
Thu, Nov 30 2023, 12:26 PM
The National Association of Realtors® (NAR) said its Pending Home Sale Index (PHSI) established a record low in October. The Index, a forward-looking ...
Mon, Nov 27 2023, 2:48 PM
The Census Bureau released the monthly New Home Sales report today, showing a decrease from 719k in September (revised down from 759k initially report...
Wed, Nov 22 2023, 8:47 AM
An improved (albeit slightly) mortgage interest rate environment helped push the volume of mortgage applications higher during the week ending Novembe...
Tue, Nov 21 2023, 12:46 PM
Existing home sales achieved their lowest annual level in ten years in September, and now appear to have doubled down. The National Association of Rea...
Tue, Oct 31 2023, 2:30 PM
Even with interest rates at a two-decade high and mortgage applications and existing home sales slipping back to 20th-century levels, home prices cont...
Thu, Oct 26 2023, 3:18 PM
There's not much by way of "new news" for the housing market when it comes to sales data. New home sales continue strongly outperforming while Existi...
Thu, Oct 19 2023, 11:59 AM
Sales fell below the $4 million mark in September, marking the slowest month for existing home sales since October 2010. The National Association of R...
Tue, Oct 17 2023, 11:39 AM
Stubbornly high mortgage rates further eroded home builders’ confidence in the new home market in October. Not only did the National Association of Ho...
Thu, Sep 28 2023, 12:47 PM
Pending home sales failed to add a third month onto the mini rally it staged in June and July. The National Association of Realtors® (NAR) said its P...
Tue, Sep 26 2023, 2:11 PM
August sales of newly constructed single-family homes failed to match the robust numbers from July but were significantly better than those a year ear...
Tue, Sep 26 2023, 11:16 AM
Home prices have resumed their upward climb despite mortgage rates that have doubled post-COVID. According to Craig J. Lazzara, Managing Director at S...
Mon, Sep 18 2023, 11:56 AM
The National Association of Home Builders (NAHB) said on Monday that its index that measures home builder confidence in the new home market has fallen...
Wed, Aug 23 2023, 2:52 PM
Sales of newly constructed homes appear to be benefitting from the very lack of inventory that is stifling existing home sales. July’s sales of pre-...
