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Newsfeed: US Pending Home Sales Tumble For 5th Straight Month As Rates Soar, Mortgage Apps Plunge

Newsfeed: US Pending Home Sales Tumble For 5th Straight Month As Rates Soar, Mortgage Apps Plunge

After the unexpectedly large drops in new- and existing-home-sales, analysts expected pending home sales to also fall in March (though only modestly) and they did, dropping 1.2% MoM (worse than the 1.0% drop expected) leaving pending home sales down 8.9% YoY…

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Newsfeed: Multi-Family Unit Surge Sparks Rise in Housing Starts, Permits In March

Newsfeed: Multi-Family Unit Surge Sparks Rise in Housing Starts, Permits In March

As mortgage rates rise, homebuilder sentiment slips, and home sales weaken, analysts expected housing permits and starts to fall MoM in March but, thanks in part to downward revisions for Feb’s data, Housing Starts surprised with a +0.3% MoM rise (vs -1.6% MoM exp) and Permits up 0.4% MoM (vs -2.4% MoM exp)…

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