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New Home Sales

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Will mortgage rates allow for ‘peak’ homebuying season?

March 3, 2025 by bp56691
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.
Categories Affordability, Altos Research, Data & Visuals, Existing home sales, Home Sales, Housing Market, HWmember, Mortgage Rates, New Home Sales, Pending Home Sales

Mortgage applications for new homes are 9% higher than a year ago

January 17, 2025 by bp56691
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.
Categories FHA loan, Homebuilders, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, New Home Sales, Origination, Purchase Applications, VA Loan

The homebuilders’ 2025 supply and demand problem

December 23, 2024 by bp56691
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.
Categories Homebuilders, Housing Market, New Home Sales

Jump in pending home sales foreshadows positive end to the market in 2024

November 27, 2024 by bp56691
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.
Categories Existing home sales, Housing Market, national association of realtors, New Home Sales, Pending Home Sales
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