New-home sales climb for a third straight month in March

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US new-home sales rose to a 16-month high, climbing 4.5% in March USA TODAY Money – Yan Zhang Sales of new U.S. single-family homes climbed 4.5% in March, reaching a 16-month high, as falling mortgage rates and prices and stronger wage gains bolstered demand.

Drop in housing starts shows industry may weigh on growth Total housing starts dropped 0.9% during May, more than doubling the slide predicted by economists’ consensus forecast. monthly housing-construction estimates by the U.S. Commerce Department show a 10.

U.S. new home sales fall for third straight month in February. At February’s sales pace it would take 5.9 months to clear the supply of houses on the market, the most since August 2017 and up from 5.8 months in January. About two-thirds of the houses sold last month were either under construction or yet to be built.

Nationally, Existing-Home Sales Climb 1.1 Percent in March. conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February. The average commitment rate for all of 2017 was 3.99 percent.

The inventory of new home sales for sale was 301,000 in March, which is a 5.2-month supply at the current sales pace. The median sales price of new houses sold was $337,200.

By Alex Kowalski Sales of previously owned U.S. homes probably rose in March for a third month to reach the highest level since late 2009, further evidence of an improving real-estate market.

Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

Home prices in 20 U.S. cities increase by most since 2014 Mortgage applications drop for second consecutive week Mortgage rates fell for a 2 nd consecutive week. data released through the week included May’s ism service sector pmi, which impressed, providing further evidence of a pickup in economic activity.Real Estate Valuations Case Shiller: Home prices rise at fastest pace since 2014 All top 20 U.S. cities see increases

WASHINGTON (AP) – U.S. sales of new homes shot up in March to the fastest pace in 8 months, as more Americans are upgrading their houses in a positive sign for the broader economy. The Commerce Department said Tuesday that new-home sales rose 5.8 percent last month to a seasonally adjusted annual.

Lenders tap their market know-how to save money on facilities They lend their own money or money borrowed from warehouse lenders to fund loans. Their biggest role however, is to originate and service loans that they package and sell. After loans are originated, a mortgage company might retain the loans in the lender’s portfolio or may package and sell them to an investor.

WASHINGTON (AP) – Americans stepped back from buying new homes in March, the third straight monthly decline as sales plunged sharply in the Western states. New-home sales slipped 1.5 percent.

US New Home Sales Unexpectedly Fall. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier. The stock of new houses for sale went up 2 percent to 309 thousand, the most since March of 2009. This represents a supply of 5.9 months at the current sales rate.

Home prices rise from last year: FHFA The two sets of price indices released on Tuesday diverged again. The S&P CoreLogic Case-Shiller Indices continue to show declining appreciation while the Federal Housing Finance Agency. "Home.