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Industry News (Sources: NAHB & CNN) |
NAHB Eye on HousingHomeownership Rate Dips to 64.2%Thursday April 25th, 2019 05:33:43 PM
According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate declined to 64.2% in the first quarter of 2019, which is 0.6 percentage points lower than the last quarter reading of 64.8%. However, it is virtually unchanged from the first quarter of 2018. The rate of homeownership is still on an upward trend after dropping to a… Read More ›
Washington Leads Job Gains in MarchThursday April 25th, 2019 04:17:29 PM
Total nonfarm employment, seasonally adjusted (SA) increased by 2.5 million jobs, year-over-year (YoY), or 1.7% from March 2018 to March 2019. During this time, total nonfarm employment in the West region increased by 1.7%. The South, Northeast, and Midwest recorded gains at 1.6%, 0.9% and 0.6% respectively, during this time. According to the Bureau of Labor Statistics, nonfarm payroll employment… Read More ›
FHA-Backed Mortgages Finance Increasing Share of New Home SalesWednesday April 24th, 2019 07:45:54 PM
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 71.3% of new home sales in the first quarter of 2019, a 3.3-percentage point decrease from Q4 2018 (revised). The decline comes despite lower mortgage rates, continuing a post-2012 pattern in which higher average rates have… Read More ›
Conventional Mortgages Outpace Government Mortgages for PurchaseWednesday April 24th, 2019 06:14:05 PM
The latest data from the Mortgage Bankers Association’s Weekly Application Survey for the week ending on April 19 show a decrease in purchasing and refinancing activities, with refinancing decreasing for the third consecutive week. On a seasonally adjusted basis, refinancing activity decreased by 11%. March showed a strong rally in purchasing activity, evidenced by the decrease in rates and increase… Read More ›
New Home Sales Rise in March with Lower RatesTuesday April 23rd, 2019 02:37:03 PM
Contracts for new, single-family home sales increased almost 5% on a monthly basis to a 692,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The months’ supply number improved to 6.0, which indicates the market is stabilizing after the fall off in sales last Fall due to higher interest rates. The… Read More ›
CNN – Real Estate NewsShould I get a fixed- or adjustable-rate mortgage?Wednesday August 8th, 2018 02:19:25 PM
Read full story for latest details.
Toll Brothers’ record shows the housing boom has no end in sightTuesday August 21st, 2018 04:35:35 PM
Read full story for latest details.
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.
Looking for a home in Berlin or Budapest? Prepare to pay moreTuesday July 17th, 2018 11:28:00 AM
Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank.
Zillow buys a mortgage lender and the stock tanksTuesday August 7th, 2018 04:55:43 PM
Read full story for latest details.
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