Housing lenders and builders face an unusually concentrated stretch of economic news this week. The Federal Reserve will decide its next interest-rate move Wednesday, with September new-home sales due Tuesday and the first estimate of third-quarter economic growth...
Mortgage applications to buy newly built homes fell 8.3% from a year earlier in September, and the Mortgage Bankers Association estimated new-home sales dropped to their slowest annualized pace since April 2020 as higher borrowing costs chilled demand. The MBA’s...
Sales of newly built single-family homes accelerated in August, but the government’s latest estimates carry an equally important message on price: builders are moving homes in a market where buyers remain intensely payment-sensitive. New-home sales ran at a...
Mortgage demand for newly built homes weakened again in August, extending a five-month slide even as builders continued to convert enough buyers to keep estimated new-home sales above July’s pace. The Mortgage Bankers Association’s Builder Application Survey showed...
Sales of new single-family houses in July were at a seasonally adjusted annual rate of 607,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This is 10.5% below the June rate of 678,000 and is 6.3% below the...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
