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The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its Builder Application Survey (BAS) showed a 6 percent month-over-month increase in purchase applications even though they were down 15.2 percent from October 2020. That data is not seasonally adjusted. Based on those applications, they estimate that new single-family home sales in October will total 68,000, up 3.0 percent from 66,000 sales in September. On a seasonally adjusted annual basis the 897,000-unit pace is 6.4 percent higher than the rate of 843,000 units the prior month. "Applications for new home purchases in October were down 15 percent from a year ago, but activity was 6 percent higher than in September
Rob Chrisman
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Broker and Lender Services and Products 163,000 pints of Guinness are wasted in facial hair each year , according to the Irish brewery, which commissioned a hair scientist, among other researchers, to calculate the loss. That’s because 0.56 mil... (read more)
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Housing News
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The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its Builder Application Survey (BAS) showed a 6 percent month-over-month... (read more)
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Housing News
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The National Association of Home Builders (NAHB) said builder confidence in the new home sales market increased in November for the third consecutive month despite the many challenges builders are facing . The NAHB/Wells Fargo Housing Market Index (H... (read more)
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National Associattion of Realtors
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