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    NAHB Eye on Housing

    First Look at GDP Growth in the First Quarter – Investment Up (Except Inventories), Consumption Down
    Friday April 28th, 2017 09:20:07 PM Robert Denk
    Economic activity slowed in the first quarter, GDP growth dropped to a 0.7% seasonally adjusted annual rate from a 2.1% rate in the fourth quarter. The main culprits in the slowdown were personal consumption expenditures (PCE) and inventory investment. The Bureau of Economic Analysis (BEA) released the “advance” estimate of real GDP growth in the first quarter of 2017. Despite... Read More ›

    Rates Tick Down in March
    Friday April 28th, 2017 03:00:24 PM Michael Neal
    Following 4 consecutive monthly increases, results from the Mortgage Interest Rate Survey (MIRS) released by the Federal Housing Finance Agency (FHFA) indicate that mortgage rates fell in March 2017*. Over the month, contract rates on mortgages used to purchase single-family newly constructed homes declined by 6 basis points to 4.12 percent. Despite the decline, rates remain above the low of 3.54 percent in... Read More ›

    Homeownership Rate Stable
    Thursday April 27th, 2017 05:48:00 PM Na Zhao
    According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate was 63.6% in the first quarter 2017, which is statistically no different from its last quarter reading of 63.7%. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9% in the second quarter of 2016. Compared to the peak at the end... Read More ›

    Pending Sales Pause
    Thursday April 27th, 2017 02:43:34 PM Stephen Melman
    The Pending Home Sales Index decreased 0.8% in March 2017, but remains 0.8% above its level a year ago. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 111.4 in March, down from 112.3 in February. The PHSI increased in the South by 1.2%, but fell... Read More ›

    Consumer Confidence Declined in April
    Wednesday April 26th, 2017 05:33:42 PM Jing Fu
    After hitting a post-recession high, the consumer confidence index, reported by the Conference Board, declined in April. Consumers were less optimistic about both the current situation and the near term outlook, compared with last month. The Consumer Confidence Index declined to 120.3 in April, from 124.9 in March. Both the present situation index and the expectations index dropped. The present... Read More ›

    CNN - Real Estate News

    Life is good for U.S. home sellers
    Thursday April 27th, 2017 04:03:02 AM
    Homeowners who sold their home in the first three months of this year saw an average price gain of $44,000 from purchase, according to a new report.

    The Fed raised interest rates. Why are mortgages getting cheaper?
    Friday April 14th, 2017 03:51:31 PM
    Despite the Federal Reserve increasing interest rates, mortgage rates have dropped to the lowest level this year.

    What will your monthly mortgage payment be?
    Monday February 2nd, 2015 03:53:13 PM
    In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.

    The struggle is real for Millennial homebuyers
    Monday April 3rd, 2017 02:37:35 PM
    Read full story for latest details.

    3 reasons not to buy a house this year
    Friday March 31st, 2017 02:35:03 PM
    Read full story for latest details.

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