Items Tagged with 'Existing home sales'


New home sales beat expectations, rise 10.8%

Fastest pace since February 2015
New home sales kept pace with previous strong economic housing news this month, except its rise isn’t conditional on TRID. In fact, new home sales rose significantly more than the 2.0% expected, rising from 491,000 to a 544,000 unit pace, the fastest pace since February 2015.
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Existing-home sales surge in TRID aftermath

NAR President: Near-term challenges still prevalent
The immediate impact of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October is quickly coming to light as existing-home sales bounce back after November’s steep drop. But before celebrating, NAR President Tom Salomone cautioned that data is still showing longer closing timeframes, which is a reminder that the near-term challenges they anticipated are still prevalent.
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Existing-home sales projected to recover from TRID aftermath

Don’t read too much into November’s lackluster data
Existing-home sales took a giant, unexpected hit in November, illustrating the impact of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule. How far will the TRID impact go? Looking at new data, the lackluster data is not projected to last too much longer.
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The TRID effect is real: Existing-home sales fall sharply in November

Closing delays pushing sales into December?
First there was anecdotal evidence that the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October had caused issues with the housing industry, but now, concrete data is beginning to show just how much the impact of TRID is being felt - and the news isn't great. Click the headline to read more.
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Despite decrease, existing-home sales maintain healthy pace

NAR: “Cooldown in October was likely given”
Although total existing-home sales decreased 3.4% to a seasonally adjusted annual rate of 5.36 million in October, Lawrence Yun, NAR chief economist, said a sales cooldown in October was likely given the pullback in contract signings the last couple of months.
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Home sales beat expectations in September

September marks 12 months of consecutive annual sales gains
Existing-home sales bounced back very strongly in September, up 4.7% to nearly reverse the prior month's revised decline of 5%, a drop that now looks like an outlier on a steadily rising slope.
Read More Existing home sales projected to hit 5.4M

Tries to recoup losses experienced in August predicts existing home sales for September will fall between 5.23 and 5.57 million annual sales. While the modest growth predicted for September will not be enough to completely recoup all of the losses experienced in August, the report predicts that sales will move back in the right direction.
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New home sales climb 5.7% in August

NE region boasts 24.1% gain; overall highest since 2008
Sales of new single-family houses in August 2015 were at a seasonally adjusted annual rate of 552,000. The Northeast region had the biggest gain, pulling up a declining Midwest region performance.
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