|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.
Mortgage Bankers Boost 3-Yr Outlook by $300 Bil
Expected loan originations for the three years ended 2018 have been increased by $300 billion, with both purchases and refinances benefiting.
Nearly 9-Year High for New Home Sales
For the second month in a row, the volume of new homes sold was the greatest it's been in over eight years. The Northeast led the gain.
Home Construction Activity Slows, Northeast Leads
Led by the Northeast, building permits and completed construction fell on a month-over-month basis. A year-over-year gain was reported, though.
Confidence Among Home Builders Boosted by East
Strength in new buyer traffic and optimism in the East helped drive up the level of home builder confidence this month.
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.