New residential single-family home sales for October were at a SAAR of 610,000, 17.3% below the revised September rate of 738,000.
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FHFA Home Price Index Increases 4.3% Year-Over-Year in Q3
The FHFA House Price Index rose 4.3% year-over-year in Q3. When compared to Q2, prices were up 0.7%.
S&P CoreLogic Case-Shiller Index Reports 3.9% Annual Gain in US Home Prices in September
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.9% in September, down from a 4.3% increase in August.
US Consumer Confidence Index Continues to Improve in November
The Conference Board Consumer Confidence Index® increased to a reading of 111.7 (1985=100) in November, up 2.1 points from 109.6 in October.
Mortgage Application Payments Jump in October
MBA’s national Purchase Applications Payment Index climbed 2.8% to a reading of 162.3 in October, up from 157.9 in September.
Investor Home Purchases Return to Pre-Pandemic Level in Q3
Real estate investors purchased 2.3% fewer homes in Q3 compared to a year earlier, Redfin reported.
“Missing Middle” Construction Hits 17-Year High in Q3
In Q3, there were 6,000 2-to-4-unit housing starts, double the pace from a year ago, NAHB reported.
Conditions for Custom Home Builders Little Changed in Latest US Census Bureau Survey
Conditions for custom home builders remains relatively flat after a period slight softening of market share due to declining mortgage rates, the Census Bureau and NAHB reported.
Canadian New Housing Price Index Declines 0.4% in October; Largest Monthly Drop Since 2009
The New Housing Price Index fell 0.4% in October, the largest monthly decline since April 2009. However, the picture was mixed across the country.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for November
The University of Michigan’s Index of Consumer Sentiment increased 1.8% month-over-month and 17.1% year-over-year.