U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million ...
Read More »US housing starts jumped 5 pct. in May off Midwest building
A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month. The Commerce Department said Wednesday that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest ...
Read More »Builder optimism fades with potential trade war looming
The threat of a trade war with Canada has taken a toll on the confidence of U.S. homebuilders, according to index released Monday. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell two points to 68 ...
Read More »US long-term mortgage rates jump; 30-year at 4.62 percent
Long-term U.S. mortgage rates jumped this week after two straight weeks of declines, reaching their second-highest level this year. Against a backdrop of rising interest rates in the economy, long-term loan rates have been running at their highest levels in ...
Read More »US construction spending up 1.8 percent in April to record
U.S. construction spending surged 1.8 percent to a record high in April as home-building rose by the largest amount in 24 years. The April gain reversed a 1.7 percent drop in March, the Commerce Department reported Friday. The strength stemmed ...
Read More »US average mortgage rates fall; 30-year at 4.56 percent
Long-term U.S. mortgage rates fell this week, breaking a steady climb that pushed them to their highest levels in seven years. It was the first decline in four weeks in long-term loan rates amid the peak home-buying season. Mortgage buyer ...
Read More »For-sale signs vanish and March home prices jump 6.8 pct
U.S. home prices climbed in March with buyers paying a premium for ownership as the number of properties up for sale declines, and mortgage rates increase. The S&P CoreLogic Case-Shiller 20-city home-price index released Tuesday increased 6.8 percent in March ...
Read More »US home sales fell 2.5 percent in April
U.S. sales of existing homes tumbled 2.5 percent in April — with the costs of buying a home jumping and would-be buyers facing a persistent shortage of properties on the market. The National Association of Realtors said Thursday that homes ...
Read More »US average mortgage rates at 7-year highs; 30-year 4.61 pct.
Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. The benchmark 30-year rate pushed toward the significant 5 percent level. Mortgage buyer Freddie Mac says the average rate on ...
Read More »US homebuilding slides 3.7 percent in April
U.S. builders broke ground on fewer apartment buildings last month, pushing overall home construction down 3.7 percent from March. The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.29 million in April, lowest ...
Read More »Builder optimism bounces in May after 4 month slide
U.S. homebuilders are feeling more confident about their sales prospects, reflecting strong demand for newly built homes with existing homes in short supply. The National Association of Home Builders/Wells Fargo builder-sentiment index released Tuesday rose two points to 70 this ...
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