New-home sales slump 7% in April after reaching the best level of the cycle

“We wanted to create a loan program that combines the best. after declines in April and May. initial unemployment claims remain at a low 218k, up only 1k from last week. The negative data of the.

After July’s housing sales data horrors, yesterday’s permits rebound prompted some hope (despite last week’s 9.7% collapse in mortgage applications) but August’s existing home sales just crushed that dream, dropping to one-year lows. Following a 1.3% MoM decline in July, August saw existing home sales tumble 1.7% MoM (against expectations of a 0.2% rebound) and up just 0.2% YoY.

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Below are a few highlights from the second week of April that influence our business: * Strong March New Home Sales. The Mortgage Bankers Association’s (MBA’s) most recent regular report on mortgage application volume released on Wednesday indicated a sudden pick-up in purchase mortgage applications last week.

New home sales slipped in February after January’s data was revised up to be much stronger than first thought. February sales were 618,000, down 0.6 percent from last month but up 0.5 percent.

New-home sales slump 7% in April after reaching the best level of the cycle. sales were at a 673,000 seasonally adjusted annual rate in April,

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Texas housing sales inched down monthly after a record-breaking April. but the premium for a new rather than an existing home remained substantial.. The Texas Residential Construction cycle (coincident) index, which. The Residential Construction Leading Index, however, reached its highest level.

 · New home sales in the U.S. continued their negative growth trajectory in January 2019, the data for which was finally published last week after having been delayed by the partial U.S. government shutdown earlier this year. We’ve presented the.

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Lack of inventory causes home sales in the US to slump at start of 2018 Existing home sales slumped in the United States for a second month in a row in January, the largest annual decline for three years, the latest index data reveals.

Those rising home prices got help from years of very low mortgage rates, which put more expensive homes within reach for people at a given income level. Activity was also probably boosted by some bounce-back effect after the housing market crash of 2007-09, a result of pent-up demand for homes that were not bought while the market was collapsing.