January New Home Sales Soar 15.6%, December Better than First Reported

New home sales in January jumped to a seasonally adjusted annual rate of 437,000, a 15.6 percent increase over the December number of 378,000 and a 28.9 percent increase compared to January 2012 when sales were at a rate of 339,000. The December figure was originally reported as 369,000 which had been an -8.8 percent drop from the previous month. According to the new home sales report issued this morning by the Census Bureau and the Department of Housing and Urban Development, sales rose on both...

Home Prices Close Out Strong 2012 with 6.8% Gain in December

Along with the usual monthly data, S&P/Case Shiller Home Price Indices released this morning also included data for all of 2012 . The indices, a measure of U.S. home prices ended the year with strong gain with the national composite index up 7.3 percent for the year and the 10-City and 20-City Indices posting increases of 5.9 percent and 6.8 percent respectively. On a month-over-month basis both the 10- and the 20- City Indices gained 0.2 percent, reversing the 0.2 percent loss in the 10-City...

• Cordray: CFPB Addressing Debt Traps, Dead Ends, and Discrimination.
• Mortgage Rates Lowest In More Than Two Weeks
• Q4 Bank Profits up 36.9 Percent from Previous Year
• FHFA Reports Home Prices Increase 1.4% in Q4 on Low Inventories
• MBS RECAP: Mostly Holding Monday's Impressive Gains
• Bi-Partisan Commission Issues Suggestions for Housing Reforms

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Around the Web

• S&P MBS Suits Get Boost From Earlier Court Wins, States Say
• NAHB: Tight Credit, Flawed Appraisals and Erratic Supply Chain Hurt Jobs, Housing
• Minutes of the Board's discount rates meetings from January 14 and January 28, 2013
• Housing's 'Wealth Effect' Isn't What It Used To Be
• FHA Watch, January/February 2013
• Peer-to-Peer Lender Prosper Eyes Investors Seeking Yield

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Today's Comments

	"Great article, smartly written and easy to understand. I've worked as a manager at a large credit union who had recently increased volume because others..."
	"The NAHB can't be seious can they? As if "all" builders are above the board and deal honestly. How bout more disclosure on builders; where..."
	"Standardize reporting yet allow appraiser's more flexiblity in applying USPAP reporting standards? The ignorance of the appraisal industry evident..."

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