Home sales disappoint at the end of April
Weekly single-family home sales came in 8% below the same time last year, and condo sales came in 19% fewer.
New Home Sales
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Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
First American: Home sales are weaker than they seem
First American’s Mark Fleming said the slowdown is tied to the mortgage rate lock-in effect and older homeowners who choose to age in place.
New home sales report shows completed units could be a problem
Today’s new home sales report emphasizes a critical issue for the builders: the currently elevated supply of new homes
What’s keeping homebuilders from large-scale layoffs?
A decrease in the number of residential construction workers is usually an early sign of a recession. So why haven’t we seen any big layoffs?
Will mortgage rates allow for ‘peak’ homebuying season?
It’s quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. Our weekly pending home sales data continues to run about 3% below last year.
Mortgage applications for new homes are 9% higher than a year ago
MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes.
The homebuilders’ 2025 supply and demand problem
New home sales grew in the latest Census report, but homebuilders are now facing a supply issue — their inventory is building up.
Jump in pending home sales foreshadows positive end to the market in 2024
The 77.4 reading for NAR’s pending sales index is the highest mark since March and the third highest going back to December 2023.