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The Census Bureau and the Department of Housing and Urban Development today released New Home Sales survey data for September 2009. The survey is primarily based on a sample of houses selected from building permits. Since a “sale” is defined as a deposit taken or sales agreement signed, this...
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Although the market briefly tested the reliability of our lock/float strategy on Monday ("lock at the price highs, float at the price lows"), mortgage-backed security prices are returning to the confines of our comfort zone...also known as "THE RANGE". Following the seemingly bottomless...
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Mortgage rates moved lower a few basis points yesterday after prices of mortgage backed securities steadily appreciated throughout the day. At 5pm, MBS prices were near their highest level in over 4 months. The main driving force of the move higher was a much weaker than expected existing home sales...
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Another promising sign in the troubled housing market. Sales of new homes rose by 11 percent in June - the largest amount in more than eight years and at the strongest pace since last November. (July 27)
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New home sales rose 11 percent month to month, signaling a bottom in sales volume. The CNBC news team has the details.
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The morning began with positive news for the housing market. Sales of new single-family homes shot up 11% in June ― the biggest one-month jump in eight years ― bringing the annual pace of sales to 384,000, well above the market consensus of just 350,000. “This report along with recent data on housing...
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Housing data and Treasury auctions totaling $115 billion dominate the calendar between Monday and Thursday, but the big news this week will be the first official estimate of second-quarter GDP, which comes out Friday. Analysts look for a quarterly drop of 0.7%, a significant improvement following a ...
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Markets opened higher Thursday morning following the pre-session release of Durable Goods and Jobless Claims , but indexes began to fall after the 10am release of New Home Sales, which failed to gain as much as predictions. Roughly 90 minutes into the session, the S&P 500 has just begun climbing...
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No major surprises in the New Home Sales index for April. Sales of single-family houses saw a 0.3% advance to an annual pace of 352,000 in April, according to the Census Bureau on Thursday. The gain is minor, but some believe the housing market has shown signs of stabilization recently. “Unit new...
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New home sales in the U.S. unexpectedly rose in February, the Department of Commerce reported Wednesday. Meanwhile, the median sale price continued to fall. New home sales rose to an annualized pace of 337k, a 4.7% increase from January, the report said. The previous month's reading of 309k sales...
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Some top tier macroeconomic data for the United States, including durable goods and new home sales , coupled with some high profile Fed and government speakers will make for a busy day in terms of economic events. The 8:30 a.m. EDT release of the U.S. durable goods report for February will likely be...
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New home sales in the U.S. fell much more than expected in January, the Department of Commerce reported Thursday. Meanwhile, the median sale price fell to $201,100. New home sales fell to an annualized pace of 309k, a 10.2% decline from December, the report said. The previous month's reading of 324k...
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The new homes sales for January fall to a record low annual pace of 309,000, reports CNBC's Rick Santelli & Diana Olick
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New home sales in the U.S. fell much more than expected in December to their slowest pace on record, the Commerce Department reported Tuesday. Meanwhile, the median sale price fell to $206,500. New home sales fell to an annualized pace of 331k, a 14.7% decline from November, the report said. The previous...
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New home sales in the U.S. fell less than expected in November on the back of a downward revision to the previous month, the Commerce Department reported Tuesday. Meanwhile, the median sale price rose to $220,400. New home sales fell to an annualized pace of 407k, a 2.9% decline from October, the report...