Tag Archives: existing-home sales

New-Home Sales-Ownership Rate Rising

Posted on November 10, 2017 by Popular Economics Weekly

The Mortgage Corner New home sales shot up 19 percent in September to a consensus crushing annualized rate of 667,000. This is the largest percentage gain in 28 years and the highest level of the cycle, since October 2007. In … Continue reading →

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Rising Existing-Home Sales Not Enough

Posted on October 20, 2017 by Popular Economics Weekly

The Mortgage Corner WASHINGTON (October 20, 2017) — After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, … Continue reading →

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Republicans Killing the Housing Market

Posted on October 16, 2017 by Popular Economics Weekly

The Mortgage Corner The Trump administration and Republicans’ anti-immigration policies will kill the housing market. Why? Trump wants to cut immigration quotas by 50 percent when there aren’t enough qualified workers to fill current job openings. And congress can’t agree … Continue reading →

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Time to Build More Homes!

Posted on October 5, 2017 by Popular Economics Weekly

The Mortgage Corner The National Association of Home Builders (NAHB) analysis of Census Construction Spending data shows that total private residential construction spending is soaring, as it rose to a seasonally adjusted annual rate (SAAR) of $520.9 billion in August, … Continue reading →

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Where Are the New Homes?

Posted on August 24, 2017 by Popular Economics Weekly

The Mortgage Corner There is a surging demand for new home that builders find hard to meet.  New-home sales fell in July to 571,000 units, though May and June totals were revised upward. That’s because the Census Bureau estimate comes … Continue reading →

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Home Sales Disappoint

Posted on July 25, 2017 by Popular Economics Weekly

The Mortgage Corner Existing-home sales were at a 5.52 million seasonally adjusted annual rate in June, the National Association of Realtors said Monday. That was 0.7 percent above the year-ago rate, but 1.8 percent lower than in May and marked … Continue reading →

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Housing Shortage Continues

Posted on June 27, 2017 by Popular Economics Weekly

The Mortgage Corner It was very good news that new-home sales rose nearly 3 percent in May to a 610,000 annualized rate. The report, always volatile, included a big upward revision to April which however, at 593,000, is still the … Continue reading →

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Why Home Sales Rising Fast, Construction Lagging?

Posted on June 22, 2017 by Popular Economics Weekly

The Mortgage Corner We are once again in a housing conundrum. May Existing-home sales just surged 1.1 percent to 5.62 million units, after falling for several months. And housing starts fell for the third straight month an unexpected 5.5 percent … Continue reading →

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New Home Sales Surge

Posted on March 23, 2017 by Popular Economics Weekly

The Mortgage Corner New home sales shot 6.1 percent higher in February to a 592,000 annualized rate that easily beats the Econoday consensus for 565,000 and is near the top estimate of 600,000. Sales seemed to have a boost from … Continue reading →

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Home Ownership Is Rising

Posted on March 14, 2017 by Popular Economics Weekly

The Mortgage Corner An improving economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases from Generation X households over the past year, says the National Association … Continue reading →

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