Here’s why the FHFA is not a fan of principal reduction

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"

Goldman Sachs: When will our kids move out?

Nearly half of California millennials still with parents

Items Tagged with 'New Home Sales'


New home sales collapse, erasing recent surge

Sales 11.5% down YOY; fall to 406,000 annual pace
July 24, 2014
Sales of new single-family houses plummeted in June to an annualized rate of 406,000, at least 20% below most analyst estimates. It was the biggest miss for new home sales in a year, and brings new home sales down to a level not see since December 2012.
Read More

New-home sales surge in May as prices decline

Surge brings sales rate to 64% below pre-crisis level
June 24, 2014
New-home sales surged in May driven by gains in the West, bringing the new-home sales pace to about two-thirds below the pre-crisis level, coming in at an annual rate of 504,000.
Read More

These 3 homebuilders are primed to capitalize on the market

Low interest rates viewed as positive for homebuilders
June 2, 2014
Interest rates are at the lowest level in nine months. That could prove to be a boon for three homebuilders. Here's why.
Read More

Scorecard: Housing is trending positively

But we’re not out of the woods yet
May 9, 2014
“April’s Housing Scorecard shows that the housing market is stabilizing, as home prices have risen nearly 7% from last year, and foreclosure completions are at their lowest level since mid-2007,” said HUD Assistant Secretary for Policy Development and Research Katherine O’Regan.
Read More

Residential construction spending up 16% in first quarter

Rises from from $65.29 billion in 2013 to $75.73 billion
May 1, 2014
The increase in year-over-year spending is coming from the private sector, according to the U.S. Census Bureau. Private residential construction was up 16.7% in the first quarter, from $63.98 billion in Q1 2013 to $74.67 billion in 2014.
Read More

Pending home sales tick up from February but 7.9% below March 2013

Biggest gains in the South, West
April 28, 2014
The National Association of Realtors pending home sales index rose 3.4% to 97.4 from an upwardly revised 94.2 in February, but is 7.9% below March 2013 when it was 105.7.
Read More

The credit crisis remains real

Fear of mortgage rejection drives away almost half of potential buyers
April 25, 2014
Increasingly tight credit standards and fear of rejection are keeping nearly half of the potential buyers out of the market because they’re afraid they won’t be able to qualify for a mortgage. The game is over before it’s even begun.
Read More

Yes, new home sales are down but it isn’t quite as catastrophic as it seems

A deeper dive reveals that 2014 isn’t that far off 2013
April 23, 2014
If you look at the year-to-date totals, 2014 is only 2,000 home sales behind 2013. At the end of the first quarter in 2013, there were 109,000 total new home sales. The first quarter of 2014 had 107,000 new home sales. That’s only a 1.8% decline.
Read More

New home sales plummet 14.5% in March

Spring buying season off with a whimper
April 23, 2014
Sales of new single-family homes in March plummeted 14.5% to a seasonally adjusted annual rate of 384,000, hitting the lowest level since July 2013, the U.S. Census Bureau reported Wednesday.
Read More

Monday Morning Cup of Coffee: Mortgage market beginning to thaw?

Bubble, bubble, toil and trouble in housing markets
April 20, 2014
Aside from the next wave of quarterly earnings statements – nearly 150 S&P 500 companies alone drop this week – here are some things that will drive markets this coming week. Plus, mortgage lenders begin to loosen up.
Read More