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US New Home Sales, Prices: August 2015
Sales of newly built homes reached the highest level since early 2008 in August, evidence that demand for housing is strengthening heading into autumn. Sales of new, single-family homes rose by 5.7 per cent to a seasonally adjusted annual rate of 552,000, the Commerce Department said Thursday. US New Home Sales New- home sales account…
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US Existing Home Sales, Prices: August 2015
Existing home sales tumbled 4.8 per cent in August to a 5.31 million seasonally adjusted annual rate, the National Association of Realtors said Monday, the steepest month-to-month decline since January, when they fell 4.9 per cent. Existing Home Sales, US Behind the decline in existing home sales were particularly big drops in the West and…
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US Housing Market: Latest Updates
US Housing Market Two Outs in The Bottom of The Ninth “There is a good reason people with credit scores below 620 are classified as sub-prime. Scores this low result from missing multiple payments on credit cards and loans, having multiple collection items or judgments and potentially having a very recent bankruptcy or foreclosure. They…
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US Housing Starts: August 2015
Home-building in the US slipped in August, with declines in both single-family and apartment-building construction. US housing starts fell 3 per cent from a month earlier to a seasonally adjusted annual rate of 1.126 million last month, the Commerce Department said Thursday. Moreover, new applications for building permits rose 3.5 per cent to 1.17 million,…
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US Real Estate and General Economic Indicators
“There’s still plenty of pent up activity in the housing sector. And it’s hard to see the US economy running out of steam with this much upside left in residential investment, according to some economists and analysts,” said Bloomberg Business Thursday. “New [home] foreclosures have dropped to precrisis levels and sales of previously owned homes—the…
