The U.S. Census Bureau is reporting that sales of new single-family houses in June 2020 were at a seasonally adjusted annual rate of 776,000.
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NAHB Reports Real Rent Index Declined For the First Time Since 2013 in June
The National Association of Home Builders is reporting that their Real Rent Index (RRI) declined by ~0.1% in June.
Mortgage Rates Move Modestly Higher in Week Ending 23rd July
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 23rd July 2020.
USDA Zero Down Home Mortgage Loans are Helping Home Buyers with Lower Income Become Homeowners
When it comes to buying a home and getting a mortgage most potential home buyers have at least some familiarity with Fannie Mae and Freddie Mac.
FEA’s Weekly Order Survey – Dealers Outlook Remains Up Tempo
Dealers responding to this week’s Builder Activity Survey, noted that the uptick in June housing starts and permits, existing home sales, along with continuing record low mortgage interest rates and a drop in overall unemployment have all contributed to their upbeat outlook for their sales in the months ahead.
Housing Availability Shows Modest Signs of Improvement in Latest Housing Trend Report
The National Association of Home Builders (NAHB) latest Housing Trend Report (HTR) reveals that overall buyers anticipate that it might be slightly easier to find and buy a home in the second half of 2020.
Weekly Jobless Claims Climb Higher in the Week Ending July 18th Streak of 15 Weeks of Declines Ends
The U.S. Department of Labor is reporting that an additional 1.416 million Americans made their initial filing for unemployment benefits during the week ending on Saturday, July 18th.
Existing-Home Sales Rise 20.7% in June
The National Association of Realtors® (NAR) is reporting that total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 20.7% from May to a seasonally adjusted annual rate of 4.72 million in June.
U.S. Home Prices Decline -0.3% in May 2020
The Federal Housing Finance Agency (FHFA), Home Price Index (HPI) reports that U.S. house prices decline in May by -0.3% from the previous month. Year-over-year, house prices are 4.9% higher, (May 2019 to May 2020).
Mortgage Applications Trend Higher in Week Ending July 17th 2020
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending 17th July 2020, the Market Composite Index, a measure of mortgage loan application volume, increased 4.1% on a seasonally adjusted basis from one week earlier.