Sales of new single‐family houses (New Home Sales) in March 2024 rose 8.8% from February to an annual rate of 693,000 versus 668,000 expected and up 8.3% above the March 2023 estimate of 640,000. The median sales price of new houses sold in March 2024 was
Apr 23, 2024 | Mortgage News
Sales of existing homes surged in February, up nearly 10% from January to an annual rate of 4,380,000 versus the 3,950,000 expected. It was the largest monthly gain in a year. Digging into the numbers ... the median existing-home sales price rose 5.7% fro
Mar 21, 2024 | Mortgage News
Housing Starts in February were at an annual rate of 1,521,000 versus 1,430,000 expected, up 10.7% from January and 5.9% above the February 2023 rate of 1,436,000. Single‐family housing starts in February were at a rate of 1,129,000, up 11.6% from January
Mar 19, 2024 | Mortgage News
Inflation pressures have been slowly easing since hitting record-high levels a few years ago. The Fed's favorite inflation gauge, the Core PCE, fell to 2.8% year over year, down from the multi-decade high of 5.57% hit back in February of 2022. The markets
Feb 29, 2024 | Mortgage News
New single‐family houses in January 2024 rose 1.5% from December to an annual rate of 661,000 and is 1.8% above January 2023. The median sales price was $420,700, average sales price was $534,300. The supply of new homes on the market is 8.3 months at the
Feb 26, 2024 | Mortgage News
The latest reading on Existing Home Sales for January showed that sales rose 3.1% from December to an annual rate of 4.00 million units, a five-month high. A standout component was that inventories of homes for sale on the market rose 2% to 1.01 million u
Feb 22, 2024 | Mortgage News
