New Home Sales Slow After Fast Start To 2012

The number of newly-built homes sold slipped 8 percent in June from the month prior, says the U.S. Census Bureau in its latest New Home Sales report. The June data shows 350,000 homes sold nationwide on a seasonally-adjusted, annualized basis. The home sale tally fell short of Wall Street expectations but the Census...

Mortgage Rates Down 1 Percent In One Year

Another week, another new low for mortgage rates.  According to Freddie Mac's weekly Primary Mortgage Market Survey, the 30-year fixed rate mortgage rate fell 3 basis points to 3.53% last week nationwide. The 3.53% mortgage rate is available to mortgage applicants who are willing to pay 0.7 discount points, on...

Existing Home Supply Ticks Higher To 6.6 Months Nationwide

Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm. According to the National Association of REALTORS®, Existing Home Sales fell to 4.37 million units in June 2012 on a seasonally-adjusted, annualized basis. This is 250,000 fewer home sales per year as compared May's figures...

Singe-Family Housing Starts Rise For 4th Straight Month

New construction housing is in a post-recession rally. As reported by the Census Bureau, on a seasonally-adjusted, annualized basis, last month's Single-Family Housing Starts rose 5 percent to 539,000 units nationwide. This is the highest reading since April 2010, the last month of that year's federal home buyer tax credit....

Homebuilder Confidence Doubles In 12 Months

Homebuilder confidence is soaring. For the second time in three months, the National Association of Homebuilders reports that the Housing Market Index made sizable gains.  The Housing Market Index measures homebuilder confidence in the new construction market and is scored between 1-100. Readings above 50 indicate favorable conditions in the...