Tag Archives: new-home sales

Full Speed Ahead for Housing Construction, Sales?

The Mortgage Corner Wrightson.com The ultra-low interest rates are making a difference as homebuilder sentiment is soaring along with new building permits, which should boost new and existing-home sales as well. For instance, more new homes on the market encourage … Continue reading

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Consumer Confidence Is Boosting Housing

The Mortgage Corner StLouisFRED New-home sales are now back to the long term average in the above graph that dates back to the 1960s, and consumers are still reasonably confident of their future. “Sales of new single‐family houses in October … Continue reading

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Housing Market in Gradual Decline?

The Mortgage Corner Econoday Happy 4th of July, everyone, even though it looks like we are nearing the end of this housing cycle; and maybe this business cycle as well.  But we can still celebrate what is now the longest … Continue reading

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Homeownership Expands Again

The Mortgage Corner Washington Post “New data indicate that in 2016, in defiance of myriad prognostications, the decade-long decline in the homeownership rate abruptly reversed. Once-rapid growth in renter households stalled, and the long-stagnant number of owner-led households began rising,” … Continue reading

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Housing Market Still Alive and Well!

The Mortgage Corner Calculated Risk The Mortgage Bankers Association said last week its Builder Applications Survey data for January showed mortgage applications for new home purchases jumped by 43 percent from December, though was unchanged from a year ago.  This … Continue reading

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What is Driving Household Formation and Home Sales?

The Mortgage Corner SF Federal Reserve The growth in household formation, the major determinate of home ownership, is slowly returning to pre-housing bubble levels, according to a 2016 report by the San Francisco Fed’s economic research dept. This is a … Continue reading

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Why Falling Home Sales?

The Mortgage Corner Econoday.com Total existing-home sales, https://www.nar.realtor/existing-home-completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.4 percent from November to a seasonally adjusted rate of 4.99 million in December. Sales are now down 10.3 percent from a … Continue reading

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