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New-home sales climb for a third straight month in March

WASHINGTON – Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that.

New Home Sales Fall for Third Straight Month in February. January’s sales pace was revised up to 622,000 units from the previously reported 593,000 units. Economists polled by Reuters had forecast that new home sales, which account for 10 percent of housing market sales, would rise 4.4 percent to a pace of 623,000 units last month.

Mortgage applications increase on higher purchase volume Mortgage applications in the United States fell 0.1 percent in the week ended june 28th 2019, following a 1.3 percent rise in the previous month, data from the Mortgage Bankers Association showed. refinance applications declined 1.2 percent while applications to purchase a home increased 1.1 percent.

The Commerce Department reported Wednesday that sales of new U.S.single-family homes rose for a third straight month in October. Sales gained 0.7 percent to a seasonally adjusted annual rate of 458,000 units. Compared to October last year, sales were up 1.8 percent. New home sales, which account for about 8 percent of the [.]

Existing-home sales decline for fifth time in six months Maison Vernon · The Whitwell · 7 Mt. Vernon Place · 212 Fifth Avenue, New york city. existing home sales including single families, condominiums, co-ops and. Sales are still 5.1% lower than this same time last year, but the. “After six consecutive months of decline, buyers are finally stepping back into.

US new-home sales climb for a third straight month in March Tue, Apr 23, 2019 – 10:28 PM Sales of new US homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs.

Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

Senior HUD official named FHFA deputy director As director of the FHFA, regulator of the GSEs, Calabria could end up playing a large role in the end of conservatorship. In addition, Adolfo Marzol has been appointed principal deputy director of the FHFA. Marzol, who will report to Calabria, is an experienced financial and risk management professional in the mortgage finance industry.

U.S. new home sales fall for third straight month in February. At February’s sales pace it would take 5.9 months to clear the supply of houses on the market, the most since August 2017 and up from 5.8 months in January. About two-thirds of the houses sold last month were either under construction or yet to be built.

Existing home sales dipped in February, continuing a three-month-long run of declining sales activity, according to the National Association of Realtors (NAR). Existing Home Sales Decline for.

Trump nominates affordable housing official as HUD general counsel SENATE CONFIRMS BRIAN MONTGOMERY TO LEAD FEDERAL HOUSING ADMINISTRATION. WASHINGTON – By a vote of 74-23, the U.S. Senate today confirmed President Donald J. Trump’s nomination of Brian D. Montgomery to serve as Assistant Secretary of Housing at the U.S. Department of Housing and Urban Development (HUD) and Commissioner of the Federal Housing Administration (FHA).

By Alex Kowalski Sales of previously owned U.S. homes probably rose in March for a third month to reach the highest level since late 2009, further evidence of an improving real-estate market.

Nationally, Existing-Home Sales Climb 1.1 Percent in March. conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February. The average commitment rate for all of 2017 was 3.99 percent.