Having dropped a downwardly revised 8.6 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. jumped 28.8 percent in August to an annualized rate of 685,000 sales, which is effectively even with the pace of sales at the same time last year but... Read More »

Having dropped 5.9 percent in July, the seasonally adjusted pace of existing-home sales across the U.S. slipped 0.4 percent in August to an annual rate of 4.80 million sales, which was 19.9 percent lower than at the same time last year; the thirteenth straight month with a year-over-year decline;... Read More »

Having dropped under 5 percent for the first time in four months three weeks ago, the average rate for a benchmark 30-year mortgage has since surged 56 basis points (0.56 percentage points) to 5.55 percent, including a 42 basis point jump over the past week alone. At 5.55 percent,... Read More »

Having dropped a downwardly revised 7.3 percent in June, the seasonally adjusted pace of new single-family home sales in the U.S. fell another 12.6 percent in July to an annualized rate of 511,000 sales, which is 29.6 percent lower than at the same time last year and the slowest... Read More »

Having dropped 5.4 percent in June, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 5.9 percent in July to an annual rate of 4.81 million sales, representing the twelfth straight month with a year-over-year decline in sales; the largest year-over-year decline in sales (20.2 percent)... Read More »

Despite the fact that the number of new homes on the market across the U.S. is over 30 percent higher than at the same time last year, with the most new homes on the market since the second quarter of 2008, mortgage loan application volume to purchase one of... Read More »

Having ticked up a downwardly revised 6.3 percent in May, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.3 percent in June to an annualized rate of 590,000 sales, which is effectively the same pace as in April of 2020 when the market came... Read More »

Having ticked down 3.4 percent in May, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 5.4 percent in June to an annual rate of 5.12 million sales, representing the eleventh straight month with a year-over-year decline in sales, the largest year-over-year decline in sales (14.2... Read More »

Despite the fact that the number of new homes on the market across the U.S. is up nearly 35 percent on a year-over-year basis to a 14-year high, mortgage loan application volume to purchase one of said new homes dropped 10 percent from May to June, is down 12... Read More »

Having dropped 12.0 percent in April, the seasonally adjusted pace of new single-family home sales in the U.S. increased 10.7 percent in May to an annualized rate of 696,000 sales.  That being said, the pace of new home sales last month was down 5.9 percent on a year-over-year basis... Read More »