New-home sales fall to nine-month low while supply rises

Application volume is flat as refinance activity slows May 15 2018, 9:23PM. Mortgage activity slowed again last week. The Mortgage Bankers Association said its Market Composite Index, which measures the volume of mortgage loan applications, was down on a seasonally adjusted basis by 2.7 percent during the week ended May 11.

US New home sales rise in June, Prices Fall. The sales pace put the supply of available homes at 5.4 months, up slight from 5.3 months in May.. rates rise, US New-Home Sales Fall 10% to 10-Month Low ; US Pending Home Sales Fell for 2nd Month Running ;

(Rick Egan | Tribune file photo) New home construction in South Jordan.. Utah's Wasatch Front in the first three months of 2019, as prices rose.. median home price for Utah's most populous county was $105,250 lower, at $245,000.. And while those new supplies could help boost sales going forward,

The numbers: New-home sales ran at a 626,000 seasonally adjusted. At the current pace of sales, it would take 6.4 months to exhaust available supply, While existing-home sales perked up in May, it remains to be seen if.

"Affordability has fallen to a five-year low. new home starts increasing 16.5% to 1.1 million for the year thanks to an anticipated 20% gain in single family construction and a 9% gain in.

Fannie gives rate break for healthy multifamily buildings Fannie Mae updates requirements for green building financing –  · Fannie Mae has made revisions to its popular green financing program to improve the processing of green mortgage loans. The agency has issued a modified standard guidance form 4099 and 4099.H that updates the scope and format of the High Performance Building (HPB) Report, a requirement of Fannie Mae’s Green Rewards Program.

Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

This means that the actual New Home Sales reading may have been as high as +20% last month, or as low as -4%. The values could be positive or negative — we can’t know for certain. However, that’s not to say that the New Home Sales should be ignored. Longer-term, new home trends have been positive and builder confidence survey suggests the same.

While many factors suggest the economy is solid, housing-market. In June, existing home sales fell 0.6 percent, dropping from 5.41 million. from 1.301 million to a 1.273-million-unit annual pace, a nine-month low.. In other words, home prices are still on the rise, but home sales have started to soften.

New home sales fall to a record low By Ben. A consensus of economists surveyed by had expected January sales to rise to an annual rate of 354,000.. while filings rose 15%.

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