New Home Sales Up, Northeast Up Most
After leading the rate of new home sales lower in August, the Northeast was out front of a month-over-month and year-over-year gain last month. Home prices climbed.
Mortgage Bankers Raise Refi Outlook Over $250 Bil
Mortgage bankers have lifted their estimate of overall originations from last year through 2018 by more than $300 billion -- including an over $250 billion boost to refinances.
BofA Bumps Low Income Program to $1 Bil
Bank of America Corp. is doubling down on its commitment to a program that helps low-income families achieve home ownership.
First-Time Buyers Drive Up Existing Home Sales
As the share of first-time buyers climbed to the highest level in more than four years, the annual rate of existing homes headed North last month.
Housing Permit Pace Up, Multifamily Starts Sink
The annual pace of building permits rose last month, but multifamily activity dragged down housing starts. The West overcame a national slump in completed construction.
Home Builder Confidence Slips After Strong Month
After reaching the highest level in nearly a year last month, the degree of home builder confidence has retreated thanks mostly to current sales conditions.
Limited Supply Drives Down Pending Home Sales
A lack of inventory drove down pending home sales for the third time in four months to the lowest level in seven months.
Home Prices Continue Up, NY Sees Big Monthly Gain
As home values near pre-crisis levels, the Northwest led the gain from a year earlier. But New York state had a strong month-over-month showing.
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.