Tag Archives: new-home sales

Low Mortgage Rates Boost Sales–Even with Limited Supply

The Mortgage Corner Graph: FRED How is it possible the 30-year fixed conforming rate has fallen again to 4.0 percent for 1 origination point in California, yet has never been below 5 percent before the Great Recession, when mortgage fixed … Continue reading

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New-Home Sales, Consumer Confidence Booming

The Mortgage Corner Graph: Econoday In spite of rising mortgage rates, new-home sales are booming and consumer confidence is at multi-year highs. March new-home sales rose 4.0 percent annualized to 694,000 and is just off the expansion high of 711,000 … Continue reading

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Is Our Housing Supply Catching Up?

The Mortgage Corner Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. HUD and … Continue reading

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Where Are the New Homes?

The Mortgage Corner There is a surging demand for new home that builders find hard to meet.  New-home sales fell in July to 571,000 units, though May and June totals were revised upward. That’s because the Census Bureau estimate comes … Continue reading

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The End of Easy Money?

Popular Economics Weekly The Fed just completed its July FOMC meeting and said the sale of some of its $4.5 trillion in securities would begin this year. CNBC has predicted the first installment of $300B in sales could begin anytime. … Continue reading

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Housing Shortage Continues

The Mortgage Corner It was very good news that new-home sales rose nearly 3 percent in May to a 610,000 annualized rate. The report, always volatile, included a big upward revision to April which however, at 593,000, is still the … Continue reading

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New Home Sales Surge, Existing Sales Not So Much

The Mortgage Corner New home sales shot 6.1 percent higher in February to a 592,000-annualized rate and is near the 600,000 top estimate of economists. Sales appeared to have gotten a boost from builder concessions as the median price fell … Continue reading

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