New Home Sales Down From July's Stellar Level
The nation's new home sales slowed in August, though they still remain strong. While sales in the Northeast plunged, they moved higher in the West.
Rate of Existing Home Sales Down Again
While the annual rate of pre-owned home sales moved up on a year-over-year basis, a second consecutive month-over-month decline was recorded.
Multifamily Drives Down New Building Permits
The annual rate of building permits took a hit last month due to weakened multifamily activity. But completed construction grew from a year earlier.
West Drives Surge in Builder Confidence
America's home builders are more confident about their business than they've been in almost a year, and the spike was greatest in the West.
Limited Appraisers Drive Up Fees, Turnaround
Fewer appraisers are willing to provide valuations on short timetables for low fees -- causing some home sales to take longer and cost more.
Average LTVs Down, Mortgages Outstanding Up
As the country's book of home loans continues to grow, the average loan-to-value ratio continues to decline. Arkansas' average LTV ratio exceeds all other states.
Mortgage Bankers Lift Q4 Refinance Forecast
Mortgage bankers have increased their forecast for refinances during the final quarter of this year and the first half of next year.
Surge in West Drives Up U.S. Pending Home Sales
An improved employment market in the West region helped push up national pending home sales during July to the highest level in three months.
Northwest Leads Increase In U.S. Home Prices
Home values moved higher last month both on a month-over-month and year-over-year basis, and the Northwest was out front of the gains.
Slump in Existing Home Sales
Inadequate inventory was behind a disappointing monthly decline in existing home sales. Sales in the Northeast took the biggest hit.