Modest Increase in Pending Home Sales, NE Leads
The inventory of existing homes for sale crept slightly higher last month, though the month-over-month increase was more substantial in the Northeast.
8-Year High for New Home Sales
The annual rate of new residential property sales last month climbed to the highest level in more than eight years, with the West leading the way.
Existing Home Sales Gains Might Be Unsustainable
Existing home sales improved last month, with the Midwest seeing the biggest month-over-month rise. But a key economist questions the ongoing viability of gains.
Mortgage Bankers Lift 2016 Origination Forecast
Mortgage banking economists now expect nearly $80 billion more in residential loan originations for all of this year than they forecasted just a month ago.
Permits at 12-Mth High, NE Completed Const Soars
Monthly building permits for new housing units rose to a 12-month high. Meanwhile, completed construction soared in the Northeast.
Builder Outlook, Weakness in South Hurt Confidence
The monthly confidence level among the country's home builders was hurt because of expected traffic and weakness in the South.
Pending Home Sales Fall But Still High
Despite the first-year-over-year reduction in almost two years, pending U.S. home sales still came in at the second-highest level during the past 12 months.
Home Prices Continue to Ascend, Northwest Leads
House prices moved higher last month, with cities in the Northwest seeing the biggest gains and several areas reaching new highs.
Slowing New Home Sales Led by Northeast
With the Northeast leading the way, sales of new houses turned lower last month. The new home inventory is at the highest level in nearly seven years.
Existing Home Sales, Prices Rise
The annual rate of home sales improved last month, with the biggest gain being made in the West. Average U.S. home prices were also higher.