New Home Inventory Highest Since July 2009
As new home sales picked up last month, the inventory of new houses for sale increased to the highest level in more than seven years.
Northeast Leads Drop in Existing Home Sales
With supply shortages being blamed, the annual rate of existing home sales declined last month. The Northeast was out front of the drop.
Mortgage Bankers Lift 1st Half Origination Forecast
During the past month, the country's mortgage bankers have grown more optimistic about the level of residential loan originations during the first half of this year.
Housing Permits Down, Completed Construction Up
Driven by multifamily activity, permits to build new housing decreased last month. But apartments drove up the rate of completed construction.
Trump Lifts Builder Confidence to 12-Year High
The Trump bump has spread to the home building industry, with builders more optimistic now than they've been in nearly a dozen years.
Mortgage Broker, Stepson Banker Convicted
A mortgage broker and her stepson, who was a banker, have been convicted in federal court of defrauding the California bank where he worked.
Mortgage Lenders Improve Equity Positions
As the nation's book of mortgages grew, home lenders improved their equity position on a year-over-year basis. Negative equity diminished.
Coasts, Mountain Region Lead Home Price Gains
Multiple home price indices continue to ascend. Leading the gains are coastal locations, though the Mountain Region is faring well.
12-Month Low in Pending Home Sales
A drop in the nation's pending home sales last month is a bad sign for upcoming home sales. The West led the decline.
New Home Sales Accelerate, Northeast Leads
The annual pace of new home sales strengthened last month. The Northeast led the rise, though the Midwest was close behind.