Sales of U.S new houses, those under construction and property whose construction is yet to begin have unexpectedly risen in March 2019, exceeding the estimates that had been made from survey data. The statistics obtained from sample surveys shows that the number of new houses sold rose to 692, 000, while the available houses for […]
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Current U.S. housing headline news and events curated for your reference and local housing market analysis.
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U.S. existing home sales book 4.9% decline March 2019
March home sales declined some 4.9% after a robust February though analysts aren’t terribly concerned about the dip, citing rising inventories as the market’s way of keeping home prices in check. That’s the conclusion offered by the National Association of Realtors in their assessment of the current state of the market. Chief economist for the […]
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Positive, yet cautious optimism on U.S. housing market
Introduction The U.S. Housing Market in Q1 2019 continued a year-long trend of positive shifts that saw an increase in both new and existing home sales, relatively low foreclosure rates, and falling mortgage rates, suggesting that the market is poised for a strong year. With the housing market boasting some of the best overall numbers […]
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2019 Housing market outlook pegged to U.S. economy
The housing market in the U.S. is monitored not only by prospective buyers and sellers of property, but also by the general investing public to gauge a measure of the current state of the U.S. economy. In essence, housing market movements have historically provided valuable insights as to the future outlook of the American economy, […]
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2019 Sends mixed message to the U.S. housing market
As we start to receive the data for the first fiscal quarter of 2019, there have been conflicting indications of the current strength of the housing market in the U.S. At a macro level, the American economy is in good shape and the strength of the economy tends to be a strong leading indicator for […]
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Fed minutes reveal, officials to wait now – raise later
During the March 20 meeting held by members of the Federal Open Market Committee, there was an undisputed public call for patience; however, according to a more comprehensive report published Wednesday, opposing opinions were observed. Based on the minutes, some members suggested that their opinions concerning the right target range about the federal money rate […]
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Builder sentiment moves up one notch to 6-month high
According to the National Association of Home Builder/Well Fargo Housing Market Index (HMI), in April, builder confidence for newly constructed single-family homes rose tremendously to 63. Over the past three months, sentiment levels have been in the low 60s. Builders have reported the essential need for cheap and affordable new single-family homes irrespective of the […]
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FHFA Director moves forward on housing finance reform
Calabria: We must grab this opportunity for reform. Mark Calabria has officially taken office having been confirmed as the new director of the Federal Housing Finance Agency by the Senate. The role of the agency is to oversee Fannie Mae, Freddie Mac, and the majority of the US housing finance system. Calabria replaces Joseph Otting, […]
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Top 7 Housing Market Predictions for the Rest of 2019
The housing market is expected to slow down somewhat in 2019 but home ownership is expected to rise according to industry leaders and professional associations. On top of that, it is anticipated that mortgage rates will continue to remain historically low. New housing will face the continuing pressures of labor shortages in the construction industry […]