Having been revised down over the past quarter in the absolute, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.1 percent last month to an annualized rate of 640,000 sales but was down 19.0 percent on a year-over-year basis, 22.2 percent lower than... Read More »

Driven by discounting and concessions, as home builders are more “motivated to sell homes in their construction pipeline,” versus existing-home owners that might try to hold out for last year’s prices, with varying results, mortgage loan application volume for new homes across the U.S. ticked up 4 percent last... Read More »

The seasonally adjusted pace of new single-family home sales in the U.S. ticked up 7.2 percent last month to an annualized rate of 670,000 sales but was still down 19.4 percent on a year-over-year basis, 32.5 percent lower than at the start of 2021, and 13.4 percent lower than... Read More »

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 2.3 percent last month to an annualized rate of 616,000 sales, the pace was 26.6 percent lower than at the end of 2021, 34.7 percent lower than at the end of 2020 and 15.7... Read More »

While mortgage application volume dropped to a quarter century low at the end of 2022, despite a pullback in mortgage rates in the fourth quarter of last year, the average rate for a benchmark 30-year mortgage has since inched up another 6 basis points (0.06 percentage points) to 6.48... Read More »

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 5.8 percent in November to an annualized rate of 640,000 sales, the pace was still 15.3 percent lower than at the same time last year, 26 percent lower than in 2020 and 8.0 percent... Read More »

The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.27 percent but remains 106 percent higher than it was at the same time last year and 137 percent higher than last year’s all-time low of 2.65... Read More »

While the number of new homes on the market across the nation is approaching a 15-year high, with over 20 percent more inventory than at the same time last year, and new home purchase application volume “rebounded” one (1) percent from October to November with a drop in rates,... Read More »

Having dropped in September, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 7.5 percent in October to an annualized rate of 632,000 sales, which was only 5.8 percent lower than at the same time last year but nearly 35 percent below the pace... Read More »

While the number of new homes on the market across the nation has surpassed a 14-year high, with over 23 percent more inventory than at the same time last year, the number of mortgage loan applications for new homes in the U.S. dropped 13 percent in October and was... Read More »