It’s a statistic that suggests housing market weakness. However, in looking at a different component of the New Home Sales report – the supply of homes for sale – we’re forced to reconsider. At the current pace of sales, every new home for sale nationwide would be "sold" in a matter of 6.1 months.
Slower price growth helps homebuyers, hurts underwater mortgages EagleBank approved as a Ginnie Mae multifamily MBS issuer The Ginnie Mae II program also allows securities to be issued with smaller numbers of mortgage loans than the Ginnie Mae I program, and allows ARM loans to be pooled. A wider range of mortgage interest rates is permitted in a Ginnie Mae II MBS pool (lenders are permitted servicing and guarantee fees ranging from 25 to 75 basis points)."With home prices increasing at a slower pace in 2018, than in previous years, the potential for people to climb out from mortgages that are underwater or advance into equity-rich territory, tends to be reduced," Todd Teta, chief product officer with Attom Data Solutions, said in a press release.
· New Home Sales Hit Post-Recession High in November December 22, 2017 Sales of newly built, single-family homes in November rose 17.5 percent to a seasonally adjusted annual rate of 733,000 units from a downwardly revised October reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census.
New home sales had in recent months outperformed other housing market. Continuing strength in labour market conditions, marked by the lowest unemployment rate in nearly 50 years, is likely to keep.
new home sales | Eye On Housing – Part 4 – The seasonally adjusted annual rate of new home sales increased to 369,000 according to estimates from the Census Bureau and Department of Housing and Urban Development. This represents a nearly 20% improvement for the sales rate year-over-year.
JPMorgan said to fund luxury-condo tower at One Wall Street JPMorgan poised to be first foreigner to get majority in. – JPMorgan could become the first foreign company to own a majority stake in its Chinese mutual fund business, after its joint venture partner put a crucial 2 percent of the business up for sale that analysts expect the wall street bank to lap up. A move by JPMorgan towards that goal would come at a tense
Job growth has remained healthy through 2015 that has also played a significant role in the strength of the housing market. homes was 5.4 months at June’s sales pace, compared with 4.8 months in.
GSEs transfer $5.5B of credit risk in 1Q: FHFA The GSEs have come a long way since they first began embracing credit sharing deals. In 2014, the FHFA pushed the GSEs to issue at least $90 billion in securities with credit risk attributes. Overall, Fannie has issued $622 billion in credit risk transfer deals while Freddie has issued $589 billion in such deals since mid-2013.
of new housing in Toronto and Vancouver was weaker than might have. Source : Actual prices from CREA MLS; predicted prices from. This suggests that looking at different points in the income. There are a number of reasons that could account for the slower pace of growth in the supply response for.
Housing is a huge chunk of the U.S. economy. Look to Kiplinger’s Economic Outlooks for forecasts on existing home sales, new home sales and housing starts.
· Construction on new houses rose almost 6% in April, but builders still lagged behind last year’s pace despite a big drop in mortgage rates. Housing starts.
Pace of new-home sales suggests steady housing strength Owning a home is more important than having kids for Americans Boundaries that your kid might inherit and follow outside of your home, and may. But most of us get on the phone in front of our kids more than we need to..
· WASHINGTON (AP) – U.S. housing starts jumped 18.6 percent in January, as builders ramped up construction of single-family houses to the fastest pace in eight months.