Category: New Home Sales

Why you shouldn’t worry about the drop in new home sales

Today the Census Bureau reported that in February 2021, new single-family home sales were at a seasonally adjusted annual rate of 775,000. This was a big miss from estimates. Although… Read more »

Homebuilder Confidence on the Rise

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »

The Week Ahead: Will Housing Starts, Permits Rebound?

The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April.  Numbers last month for March found housing data fell off the cliff.  Housing… Read more »

Mortgage rates drop to three-month low

The average U.S. fixed rate for a 30-year mortgage fell to 3.6% this week, a three-month low. That’s 5 basis points below last week and 85 basis points below the 4.45%… Read more »