New-home sales climb for a third straight month in March

Market Insights U.S. new-home sales climb for a third straight month in March Purchases of new homes climbed in three of four regions, led by a 17.6% jump in the Midwest.

The Commerce Department reported Wednesday that sales of new U.S.single-family homes rose for a third straight month in October. Sales gained 0.7 percent to a seasonally adjusted annual rate of 458,000 units. Compared to October last year, sales were up 1.8 percent. New home sales, which account for about 8 percent of the [.]

 · Sales of new homes in the United States jumped to a 16-month high in March, marking the third straight monthly increase.

Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that caused.

Among consumers managing debt, buying a home is a low priority Canadians managing mortgages despite soaring household debt load Credit standards loosen as mortgage lenders embrace non-QM, jumbo loans credit standards continued to ease in the third quarter, and lenders expect they will continue this trend over the next three months, according to Fannie Mae’s third quarter 2017 mortgage lender.On average, Canadians carry $22,125 in non-mortgage debt, which includes credit cards and many lines of credit, the numbers show.MORGANTOWN – A professor at West Virginia University said that recently released data detailing that student loan debt is a contributor to a national decline in housing purchases is a red flag that financial literacy among elementary-, secondary- and college-aged students should be treated as a priority.

WASHINGTON – Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that.

The median sales price has increased just 1.2 percent over the past year to $311,400 in March. New-home sales jumped last month in the Northeast and West, grew modestly in the South and fell in the Midwest. Residential construction firms have added 112,600 workers over the past year, a 4.2 percent increase.

Housing starts reach highest level in more than a year U.S. housing starts rose more than expected in December as groundbreaking for single-family homes hit its highest level in more than 6-1/2 years, in a hopeful sign for the sluggish housing market recovery. starts increased 4.4 percent to a seasonally adjusted annual pace of 1.09 million units, the Commerce Department [.]

Sales of new homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs. single-family home sales rose 4.5% to a 692,000 annualized pace that topped all estimates in Bloomberg’s survey, while February’s figure was revised down somewhat, government data showed Tuesday.

Many displaced Puerto Ricans could be moved to U.S. mainland Move mainland corporations to Puerto Rico to reduce unemployment and dependence on agricultural economy Goal was to change PR’s agricultural economy to an industrial one Increase population pressure and decline agricultural economy = incentive to move off island Puerto Ricans are U.S. citizens – Free to move to mainland without restrictionsEric Weisbrot canadian home sales climb in July on Toronto gains Total home sales. those numbers (gains in overall sales and prices) were high-side surprises,” says BMO chief economist douglas porter. “The market is definitely too hot for comfort, but that’s.

US new-home sales climb for a third straight month in March Tue, Apr 23, 2019 – 10:28 PM Sales of new US homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs.

Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

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