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| Buyers See More Choices, Lower Prices in New Home Market | ||
| 7/24/2025 2:54 PM | ||
| The latest New Home Sales report (released today) shows a slight uptick in June after last month’s sharp drop. The seasonally‑adjusted annual sales pace rose to 627,000. This represents a modest +0.6% gain from May’s revised 623,000, but remains ‑6.6% below the June 2024 level of 671,000. For all practical purposes, the pave of sales has be...Read More | ||
| High Prices and Rates Keep Home Sales Near Cycle Lows | ||
| 7/23/2025 10:40 AM | ||
| Two months ago, existing home sales hit a five-month low. Last month’s report showed a minor rebound. This month’s update, released July 23, shows a return to weakness. Sales declined 2.7% in June to a seasonally adjusted annual rate of 3.93 million. That leaves activity just above the recent low and still 25% below long-term norms. Year-over-year...Read More | ||
| Mortgage Apps Eke Out Small Gain Thanks to Purchase Activity | ||
| 7/23/2025 8:01 AM | ||
| Mortgage application activity managed a modest increase last week despite slightly higher rates. The Mortgage Bankers Association’s (MBA) weekly survey showed a 0.8% rise in the seasonally adjusted Composite Index for the week ending July 18, 2025. “Mortgage rates moved higher last week, with the 30-year fixed rate edging up to 6.84 percent, the h...Read More | ||
| Rising Rates Hit Mortgage Apps, But Pace Remains Better Than 2024 | ||
| 7/18/2025 2:05 PM | ||
| Mortgage application activity dropped sharply last week as rates moved higher, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index fell 10.0% on a seasonally adjusted basis for the week ending July 11, reversing much of the prior week’s gain. “Mortgage rates rose last week following higher Treasury yields, whic...Read More | ||
| Builder Outlook Ticks Up Despite More Price Cuts and Less Buyer Traffic | ||
| 7/18/2025 1:51 PM | ||
| Builders are placing their better days in the future according to the National Association of Homebuilders (NAHB) and Wells Fargo"s latest Housing Market Index (HMI). Buoyed by longer-run expectations, the headline builder confidence index rose one point to 33, but remained deep in pessimistic territory, marking the 15th consecutive month below the...Read More | ||
| Builders Breaking More Ground, But Not on Single Family Homes | ||
| 7/18/2025 1:41 PM | ||
| The latest Residential Construction report from the Census Bureau showed a mixed bag for June, with a modest gain in overall housing starts driven by a rebound in multifamily construction, while single-family activity continued to decline. Building permits were essentially flat, suggesting a pause in the momentum seen earlier this year. As usual, ...Read More | ||
| Big Jump in Mortgage Demand, But Rates Are Already Rising Again | ||
| 7/9/2025 8:17 AM | ||
| Mortgage application activity bounced higher last week following a drop in rates to the lowest levels in 3 months. The Mortgage Bankers Association’s (MBA) weekly survey showed a 9.4% increase in the seasonally adjusted Composite Index for the week ending July 4, 2025. The results included an adjustment for the July 4th holiday. “Mortgage rates mo...Read More | ||
| Refis Pick Up Steam as Rate Relief Returns | ||
| 7/3/2025 9:41 AM | ||
| Mortgage application activity moved higher last week as rates declined to the lowest levels since April, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index rose 2.7% on a seasonally adjusted basis for the week ending June 27. Results were not adjusted for holidays this time around, but the previous week had inc...Read More | ||
| Pending Home Sales Data Scores Some Points, But Not Enough to Change The Game | ||
| 6/27/2025 10:36 AM | ||
| The National Association of Realtors" Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has remained rangebound for more than two years, constrained by affordability pressures and elevated mortgage rates. This week’s update showed a modest improvement, but the broader story hasn’t changed. Pending home sales rose by ...Read More | ||
| New Home Sales Drop to Lower End of Range After Hitting The Highs Last Month | ||
| 6/27/2025 10:06 AM | ||
| New Home Sales fell sharply in May according to the latest report from the U.S. Census Bureau and HUD. After a brief surge in April, the seasonally adjusted annual pace dropped to 623,000—down 13.7% from April"s revised reading of 722,000 and 6.3% lower than the same month last year. When last month"s data originally came out, the annual pace of 74...Read More | ||
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