Builder sentiment in the market for newly built homes rose in April for the fourth straight month, as the supply of existing homes for sale remains scarce.
Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump could be bottoming out.
Newsfeed: US pending home sales rise for third straight month; loan demand increases Read More »
Housing Starts and Permits have declined for 3 straight months but today’s data for January was expected to be more mixed with permits rebounding modestly while starts continue to decline (all while homebuilder sentiment expectations soars by the most ever).
Newsfeed: Housing Starts & Building Permits Weakest Since COVID Lockdowns Read More »
With homebuilder sentiment collapsing, it should be no surprise that analysts expected housing starts and permits to tumble in October, and they were right with starts dropping 4.2% MoM and permits down 2.4% MoM…
Newsfeed: US Single-Family Housing Permits Plunge To COVID Crisis Lows, Starts Slump Read More »
After the collapse in housing starts data (and mortgage applications and homebuyer confidence and homebuilder sentiment), it should be no surprise that analysts expected existing home sales to continue their streak of declines in September.
Newsfeed: US Existing Home Sales Crash To 8 Year Lows Read More »
More builders are lowering prices for homes as their confidence in the market continues to tumble. Homebuilder sentiment in September fell 3 points to 46 in the National Association of Home Builders/Wells Fargo Housing Market Index. Anything below 50 is considered negative.
Newsfeed: More homebuilders lower prices as sentiment falls for ninth straight month Read More »
With homebuilder sentiment collapsing at its fastest rate on record in July (ex-COVID lockdowns), one could be forgiven for thinking these same homebuilders …
Newsfeed: US Homebuilders Abandon Single-Families In June As They Brace For Rate Shock Read More »
Amid surging layoffs in the real estate market, slumping homebuilder sentiment, soaring rates and plunging mortgage applications, it is no surprise that analysts expected a drop in Housing Starts and Permits in May (-1.8% MoM and -2.5% MoM respectively). Those numbers were destroyed as Housing Starts crashed 14.4% MoM and Permits plunged 7.0% MoM…
Newsfeed: US Housing Starts, Permits Collapse In May Read More »