The typical homebuyer’s down payment was $63,188 in December, up 7.5% from a year earlier and the biggest increase in five months, Redfin reported.
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US Single-Family Home Size Increases in Q4
The median single-family square floor area was 2,205 square feet in Q4, the highest reading since mid-2023, the Census Bureau and NAHB reported.
US Custom Home Building Sector Improves in Q4
There were modest gains for custom-home builders in Q4, following a period of slight softening of market share, the Census Bureau and NAHB reported.
US Existing-Home Sales Decline 4.9% in January
Total existing-home sales declined 4.9% to a seasonally adjusted annual rate of 4.08 million in January, NAR reported.
Mortgage Applications for US New-Home Purchases Rise 19.0% in January
Mortgage applications for new-home purchases increased 19.0% in January, MBA reported. Year-over-year, mortgage applications declined 6.0%.
US Housing Market Gained $2.5 Trillion in Value in 2024
The combined value of US homes gained $2.5 trillion (5.2%) in 2024 to reach $49.7 trillion, Redfin reported.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for February
The University of Michigan Index of Consumer Sentiment fell to a reading of 64.7 in February, a month-over-month decline of 9.8%.
US Mortgage Rates Decline for Fifth Consecutive Week
The 30-year fixed-rate mortgage averaged 6.85%, down from last week when it averaged 6.87%, Freddie Mac reported.
Canadian Industrial Product and Raw Materials Price Indices Rise in January
The IPPI rose 1.6% month-over-month, and the RMPI rose 3.7%.
The Conference Board US Leading Economic Index Trends Lower in January
The Conference Board Leading Economic Index declined 0.3% to a reading of 101.5 (2016=100) in January, after a 0.1% increase in December.