Confidence among homebuilders reached all all-time high in November as buyers looking for more room to live and work continued to enter the market, according to the National Association of Homebuilders Housing Market Index released on Wednesday. … READ MORE >
Real estate
CHART OF THE DAY: New home sales cool as inventory remains limited
New single-family home sales dropped 3.5% month over month as the robust market began to cool heading into the fall months. … READ MORE >
CHART OF THE DAY: Anticipation of pandemic demand for single-family homes
Housing starts rose in September by 1.9% to a seasonally adjusted annual rate of 1.4 million, the Commerce Department reported on Tuesday. … READ MORE >
There is no cooling the housing market as homebuilder confidence surges
The U.S. homebuilder confidence index continued to reach new heights, rising to 85 in October, according to data from the National Association of Home Builders released on Monday. … READ MORE >
CHART OF THE DAY: New home sales continue to surge
Sales of new homes have continued to reach new heights, increasing by 4.8% to a seasonally adjusted rate of a little more than 1 million for August – the first time they had eclipsed that mark since 2006. … READ MORE >
CHART OF THE DAY: As housing market heats up, inventory shrivels
Existing home sales in August topped 6 million for the first time since 2006 as big-city renters continued to flock to the suburbs for more space, including a home office and a yard to accommodate their new normal. … READ MORE >
CHART OF THE DAY: Housing starts decline 5.1%
Housing starts declined 5.1% month over month in August, while forward-looking building permits held steady with a slight decline of .9%, the Commerce Department reported on Thursday. … READ MORE >
Chart of the Day: New home sales rise as housing stays hot
Sales of new homes continue to soar, increasing by 13.9% to a seasonally adjusted rate of 901,000 for the month of July, and up 36.3% from the same period a year earlier, according to data released this week from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. New home sales are up 8% year over year. … READ MORE >
CHART OF THE DAY: Existing home sales surge
Existing home sales surged in July by the most on record, increasing 24.7% from June to a 5.86 million annualized rate. The housing market has been booming as a result of low mortgage rates, which have been hovering around 3%, pent up demand from millennials who have been entering the … … READ MORE >
FHA mortgage delinquencies show some homeowners in trouble
Federal Housing Administration mortgage delinquencies hit an all-time, four-decade high, according to data released on Monday, a sign that disadvantaged homebuyers are clearly struggling in the pandemic-impacted economy.
The share of FHA mortgage delinquencies rose to almost 16%, in the second quarter, the highest level since 1979, as reported by the Mortgage Bankers Association. The delinquency rate for conventional loans, by comparison, sits at 6.7%. … READ MORE >