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Articles Recently Tagged: New Home Sales

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Mortgage Loan Activity Down 18 Percent, Year-Over-Year

While the number of homes for sale across the U.S. has ticked up, and the average 30-year rate is back under 3 percent, mortgage loan application volumes ticked down 4 percent on a seasonally adjusted basis over the past week. In fact, application volumes are now down 18 percent... Read More »

Benchmark Mortgage Rate Inches Back Over 3 Percent

Benchmark Mortgage Rate Inches Back Over 3 Percent

The average rate for a benchmark 30-year mortgage has inched up 9 basis points (0.09 percentage points) over the past week to 3.02 percent, which is the highest average rate in two months but still 11 basis points lower than at the same time last year and around half... Read More »

Pace of New Home Sales Drops, Inventory Hits a 14-Month High

Pace of New Home Sales Drops, Inventory Hits a 14-Month High

Despite inventory levels having ticked up to a 14-month high, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 5.9 percent last month to an annualized rate of 769,000 sales, which is slowest pace in a year and down 22.6 percent since the start of... Read More »

Benchmark Mortgage Rate Back Under 3 Percent

Benchmark Mortgage Rate Back Under 3 Percent

Having inched up to 3.00 percent last week, the average rate for a benchmark 30-year mortgage has since inched back down 5 basis points (0.05 percentage points) to 2.95 percent, which is 20 basis points below its mark at the same time last year, 23 basis points lower than... Read More »

Pace of New Home Sales Drops, Inventory Hits a 12-Month High

Pace of New Home Sales Drops, Inventory Hits a 12-Month High

While up nearly 50 percent on a year-over-year basis from its pandemic low, the seasonally adjusted pace of new single-family home sales in the U.S. has dropped 13 percent since the start of the year, including a 5.9 percent drop last month, to an annualized rate of 863,000 sales.... Read More »

Pace of New Home Sales in the U.S. Drops Over 18 Percent

Pace of New Home Sales in the U.S. Drops Over 18 Percent

Having ticked up 3.2 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 18.2 percent last month to an annualized rate of 775,000 sales, which is nearly 21 percent below the 14-year high it registered last July/August. That being said, the February... Read More »

Having Dropped, Pace of New Home Sales in the U.S. Inches Up

Having Dropped, Pace of New Home Sales in the U.S. Inches Up

The seasonally adjusted pace of new single-family home sales in the U.S., which hit a 14-year high in July/August, has since dropped 14 percent to an annualized rate of 842,000 sales at the end of December but remains 15.2 percent higher than at the same time last year, and... Read More »

Pace of New Home Sales in the U.S. Slips, Inventory Holds

Pace of New Home Sales in the U.S. Slips, Inventory Holds

Having been upwardly revised for a 0.1 percent gain in September, the seasonally adjusted pace of new single-family home sales in the U.S., which hit a 14-year high in August, slipped 0.3 percent in October to an annualized rate of 999,000 sales, representing the first month-over-month decline in the... Read More »

Pace of New Home Sales in the U.S. Slows, Inventory Inches Up

Pace of New Home Sales in the U.S. Slows, Inventory Inches Up

The seasonally adjusted pace of new single-family home sales in the U.S., which hit a 14-year high in August, slipped 3.5 percent in September to an annualized rate of 959,000 sales, representing the first month-over-month drop in the pace of sales since April. That being said, the annualized rate... Read More »

Pace of New Home Sales in the U.S. Ticks Up, Inventory Drops

Pace of New Home Sales in the U.S. Ticks Up, Inventory Drops

Having jumped over 14 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up another 4.8 percent in August to an annualized rate of 1,011,000 sales, which was 43.2 percent above its pace at the same time last year and the highest... Read More »