Tuesday, the U.S. Commerce Department said that new home sales fell 11.4% in April, to a seasonally adjusted annualized rate of 569,000 homes, down from March’s revised rate of 642,000 units. According to consensus forecasts, economists were expecting to see a modest drop to 611,000 units.
Housing slump: Aliso Viejo, Dana Point, Laguna Niguel, San Clemente sales tumble 14% Home sales in the first quarter totaled 650 vs. 757 a year earlier, a decline of 14.1% in a year.
Thus, while sales of existing properties saw a notable gain in March–rising more than 6%, on an annualized basis, to their highest level in 18 months–transactions involving new homes, tumbled by 11.4% in the latest month, to just 481,000 units, as measured against the prior month.
QM rule released with two legal liability standards Therefore, in issuing the 2011 qrm proposed rule, the QRM agencies sought to incorporate the statutory qualified mortgage standards, in addition to other requirements, into the qrm definition. 76 FR at 24118.
Washington – Sales of new US homes plunged in March after a sharp rise in February, the Commerce Department reported on Thursday. Sales of new single-family houses came in at an annual rate of 481 000 last month, down 11.4% month-over-month.
The spring home-selling season is off to a strong start when judged against last year, with a double-digit sales increase this March and growing builder optimism offering the latest signs that the.
Sales of newly built homes fell 11.5% in September, suggesting a highly volatile segment of the housing market could be cooling. Sales of newly built homes fell 11.5% in September, suggesting a.
Stocks fall after second taper announcement There was no taper rally Wednesday after the Federal open market committee made its announcement that yes, the taper is here and we’re tapering more.. Home Stocks fall after second taper.
The Real Estate Board of Greater Vancouver reports 1,727 homes changed hands, a 31.4 per cent tumble from sales recorded for the same month last year. March 2019 sales were. at all levels have.
Wells Fargo standing by accuracy of foreclosure affidavits Wells Fargo: No plans for foreclosure moratorium – . auditing demonstrate that our foreclosure affidavits are accurate," it said. The announcement followed a Wall Street Journal report earlier tuesday that said Wells Fargo was starting a review of.
Seriously underwater homes rise, new-home sales tumble April 24, 2015 WASHINGTON (4/24/15)–For the first time since the second quarter of 2012, the share of seriously underwater homes increased in the first quarter, rising 0.4 percentage points from the fourth quarter, according to RealtyTrac’s Home Equity and Underwater report ( Housingwire.
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The number of new homes sold in the region dived 26.3% from March to April, a 13.7% drop from the same month a year earlier. In the Midwest, sales fell 13.1% from March, but were up 19.7% year.
The outlook for new home sales has been more optimistic of late. Through the first three months of 2019, more new homes were sold than in the same period in 2018. home price growth is finally slowing as builders finally build smaller, more affordable homes and price cuts become more common.