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Articles Recently Tagged: New Home Sales

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Pace of Existing Home Sales in the U.S. Continues to Fall

Pace of Existing Home Sales in the U.S. Continues to Fall

Having dropped 2.4 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. fell another 3.4 percent in May to an annual rate of 5.41 million sales, representing the tenth straight month with a year-over-year decline in sales, the largest year-over-year decline (8.6 percent) since the... Read More »

Purchase Mortgage Activity in the U.S. Keeps Dropping

Mortgage loan application volume across the U.S. ticked down another 3 percent to a 41-month low over the past week, according to data from the Mortgage Bankers Association. Having ticked down another 2 percent, purchase mortgage activity was down 14 percent on a year-over-year basis last week but with... Read More »

Pending Home Sales in the U.S. Are Nearing a Decade Low

Pending Home Sales in the U.S. Are Nearing a Decade Low

Having ticked down 1.2 percent in March, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 3.9 percent in April to 99.3, which was 9.1 percent lower than at the same time last year,... Read More »

Purchase Activity for New Homes Drops by Double Digits

Purchase Activity for New Homes Drops by Double Digits

Despite the fact that there are now over 30 percent more new homes on the market across the nation than there were at the same time last year and new home inventory in the U.S. is nearing a 14-year high, mortgage loan application volume to purchase one of the... Read More »

Pace of New Home Sales Drops, Inventory Climbs

Pace of New Home Sales Drops, Inventory Climbs

Having ticked down an upwardly revised 1.2 percent in February, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.6 percent in March to an annualized rate of 763,000 sales. As such, the pace of sales last month was 12.6 percent lower than at the... Read More »

Pace of Existing Home Sales Drops Again, Inventory Ticking Up

Having dropped 7.2 percent in February, the seasonally adjusted pace of existing-home sales across the U.S. ticked down another 2.7 percent in March to an annual rate of 5.77 million sales and was down 4.5 percent on a year-over-year basis, according to the National Association of Realtors (NAR) and... Read More »

Purchase Activity for New Homes Down Despite More Inventory

Purchase Activity for New Homes Down Despite More Inventory

Mortgage loan application volume to purchase a new home in the U.S. ticked up 10 percent from February to March with typical seasonality in play. That being said, application volumes were down 5 percent on a year-over-year basis, reflecting an additional 1.1 point drop in year-over-year activity from February... Read More »

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

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

Having dropped a downwardly revised 8.4 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. ticked down another 2.0 percent in February to an annualized rate of 772,000 sales.  As such, the current pace of sales is 6.2 percent lower than at the... Read More »

Pace of Existing Home Sales Drops, Inventory Inches Up

Pace of Existing Home Sales Drops, Inventory Inches Up

Having ticked up 6.7 percent in January, the seasonally adjusted pace of existing-home sales across the U.S. dropped 7.2 percent in February to an annual rate of 6.02 million sales and was down 2.4 percent on a year-over-year basis, according to the National Association of Realtors (NAR) and marking... Read More »

Purchase Activity for New Homes in the U.S. Ticks Down

Purchase Activity for New Homes in the U.S. Ticks Down

Despite February typically marking the start of the spring home buying season, mortgage application volume to purchase a new home in the U.S. actually ticked down 1 percent in the absolute and was down 3.9 percent on a year-over-year basis, according to the Mortgage Bankers Association.  And yes, that’s... Read More »