Pace of new-home sales suggests steady housing strength

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Housing starts. Construction on new houses rose almost 6% in April, but builders still lagged behind last year’s pace despite a big drop in mortgage rates. MarketWatch site logo

Inventory keeps contracting as higher rates deter sellers: Redfin January home prices show 5% increase: Black Knight Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted. From Black Knight: U.S. home prices rose 0.1% from October, and were up 5.5% on a year-over-year basisFor long-term rates, like the 10-year treasury note, lower demand equals higher rates, and high demand keeps rates low. A higher 10-year Treasury note rate corresponds with higher FRM rates. The Fed’s decision to increase the short-term rate usually results in a higher 10-year Treasury note.

At January’s pace of sales. on the strength of its cash flows. U.S. stocks SPX, -0.18% pared early losses after the new-home-sales report but the S&P 500 has gained 21% over the past 12 months..

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The Future Of Residential Housing - Zero Energy Housing Pending home sales increased in Texas, and the pace of new. June’s $294,440. “New home sales are showing summer strength,” HomesUSA.com Owner Ben Caballero said. “And with new home prices.

As a result, monthly home sales will struggle to gain traction in the near term following two years of little to no transactional growth. Despite tight inventory: levels, overall home prices are accelerating at a subdued pace as buyers remain on the sidelines by not providing offers on marketed homes. Housing needs are then directed to apartments.

Texas FHA loan limits should be increased to $300,000 plus for 1-family homes in a purchase or refinance loan. The previous proposal eliminated the requirement that lenders approved by the FHA certify on each loan application that they are not. He is a graduate of University of North Texas..

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The U.S. housing market is stabilizing near 10-year highs, according to government data July 26 that showed sales of new homes were slightly less than forecast. Pace of US New-Home Sales Suggests.

"New-home sales in August effectively tied the pace they set in the previous month, when they were the strongest we’ve seen in more than two years — so this is really a continuation of the good news we’ve been getting on the housing front," said Barry Rutenberg, chairman . . .

Lower mortgage rates help Hovnanian reduce its net loss Get the best mortgage rate and best mortgage lenders, decide what type of loan to get, how much to put down and whether to pay points, and then compare the the best mortgae rate from top lenders.CoreLogic adds self-service option to condo data service foreign buyers are using cash to invest in condos. Meanwhile, Nevada has many domestic buyers, and the high share of cash deals is due to relatively few mortgages being made. “Mortgaged sales are weak.

WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in December, but lean inventories and steady price gains suggested the housing. strength in the economy. “It’s.

The pace of single-family construction and new home sales in early November has been similar to October. Most district builders report that construction has been flat to slightly down compared with a year ago, while new home sales have declined somewhat from last year’s record highs.

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