Items Tagged with 'New Home Sales'

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New home sales surge, beat expectations in February

Median home prices fall
New home sales surged in February, beating out expectations. However, even as home sales rose and inventory tightened, the median home price fell for the second consecutive month. In fact, new homes aren’t the only sales to see a relief in rising homes prices.
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New home sales are up, but pace disappoints

Housing inventory remains down
New home sales increased in December, but industry experts are not impressed. Given the unusually high temperatures throughout the winter and the high demand for housing, experts expected new home sales to come out with much stronger numbers.
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New home sales drop more than 10% in December

Actually up 12% for 2016
Following the drop witnessed earlier this week in existing home sales, new home sales followed suite and dropped in December. However, performance was still up for the year as 2016 saw an increase in new home sales by more than 12%.
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MBA: New home sales rise 12% in November

But is it enough?
Mortgage applications for new homes increased in November thanks to continued improvements in the overall economy and job growth. However, there’s still a lot of room for growth. Lynn Fisher, MBA’s vice president of research and economics, explains what’s ahead for housing.
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New home sales increase nearly 30% in September

Home supply gets slightly better
Home sales increased in September after dropping the month before. However, although many economists expected this increase, noting that it showed strength in the economy, not everyone agreed. One thing they did all agree on: there is still room for more growth.
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New home sales drop in August

Still up from last year
New home sales dropped in August after July witnessed its most significant increase since the housing crisis. Annually, however, new homes sales in August still increased. Industry experts talk about the report, and why it still shows positive signs for the housing market.
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Fannie Mae: Economic growth to rebound in remainder of year

New home sales are the bright spot in housing
Economic growth will not continue on its present course, but will actually rebound in the second half of 2016, according to Fannie Mae. While some economic conditions continue to be a drag on potential growth, consumer and government spending will fuel the predicted increase to 2.6% growth by the end of the yea, Fannie Mae says.
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MBA: New home sales surge in August

Reached highest level since survey started
August turned out to be a strong month for new home sales. According to the latest Mortgage Bankers Association’s Builder Applications Survey, new home sales surged to the highest level observed since the survey began in 2012.
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