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Existing Home Sales, US
US home resales raced to a one-year high in September. The National Association of Realtors said Tuesday existing home sales increased 2.4 per cent to an annual rate of 5.17 million units, the strongest reading since September of last year. US Existing Home Sales While home sales picked up last month, first-time buyers, a critical…
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Housing Starts, US
US home building rebounded in September on the strength of apartment construction, a category that provides less of an economic boost than single-family homes. Housing starts rose 6.3 per cent in September from a month earlier to a seasonally adjusted annual rate of 1.017 million units, the Commerce Department said Friday. Building permits increased 1.5…
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US Builder Confidence
The US Home Builder Confidence Index, which measures confidence in the market for new single-family homes, declined by five points to a seasonally adjusted level of 54 in October, the National Association of Home Builders said Thursday. A reading over 50 means most builders generally see positive conditions. The index jumped in September to 59,…
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US Mortgages
Warren Buffet, head of multi-billion dollar investment firm Berkshire Hathaway, said Tuesday he is surprised Americans are not “lining up now to get mortgages to buy a home.” He is puzzled by the sluggish rebound in US home construction amid near record-low interest rates and a broader recovery in the economy. At a conference hosted…
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US Supply of New Homes: August
The August increase of the pace of new home sales pushed the months’ supply measure of inventory to its lowest level in more than a year. According to estimates from the Census Bureau and HUD released Thursday, on a nonseasonally adjusted basis the inventory of for-sale newly built homes stood at 206,000 in August. This…
