Tag Archives: NAHB

Housing Supply Improving

The Mortgage Corner Our housing supply is finally improving. New-home sales ran at a seasonally adjusted annual rate of 692,000, the Commerce Department said Tuesday. That was 4.5 percent above February’s total and beat the consensus forecast of a 645,000 … Continue reading

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Where Goes the Housing Market?

The Mortgage Corner Graph: Econoday We definitely have a housing shortage. Housing construction is unable to keep up with the demand for single-family homes, in particular. Year-on-year, starts are down 1.4 percent with completions, at a 1.188 million rate, down … Continue reading

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Time to Build More Homes!

The Mortgage Corner The National Association of Home Builders (NAHB) analysis of Census Construction Spending data shows that total private residential construction spending is soaring, as it rose to a seasonally adjusted annual rate (SAAR) of $520.9 billion in August, … Continue reading

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Surging Construction Sector Aids Home Sales

The Mortgage Corner Construction payrolls were a positive surprise of the January employment report, rising 36,000 for the best gain since March. Construction was soft through most of last year though it did pick up at year end. And this … Continue reading

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Housing Construction, Sales Strong, Interest Rates Still Ultra-Low

The Mortgage Corner Housing starts are being hit by huge swings. November starts fell 18.7 percent in November to a much lower-than-expected 1.090 million annualized rate following an upward revised gain of 27.4 percent to 1.340 million in October, says … Continue reading

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Home Sales, Consumer Confidence Still Rising

The Mortgage Corner Sales of newly built, single-family homes rose 3.5 percent in June from an upwardly revised May reading to a seasonally adjusted annual rate of 592,000 units, according to newly released data by the U.S. Department of Housing … Continue reading

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Where Are The New Homes?

The Mortgage Corner Sales of newly built, single-family homes rose 2 percent in February from an upwardly revised January reading to a seasonally adjusted annual rate of 512,000 units, according to newly released data by the U.S. Department of Housing … Continue reading

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