The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for November 2010. 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 can...
The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for September 2010. 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...
The Census Bureau and the Department of Housing and Urban Development have released New Residential Home Sales data for July 2010. Surprise! New Home Sales Hit a New Record Low. AGAIN! Excerpts from the Release... Sales of new single-family houses in July 2010 were at a seasonally adjusted annual rate...
The Census Bureau and the Department of Housing and Urban Development have released New Residential Sales data for June 2010. Excerpts from the Release... Sales of new single-family houses in June 2010 were at a seasonally adjusted annual rate of 330,000 . This is 23.6 percent above the revised May rate...
From the Release: Sales of new single-family houses in May 2010 were at a seasonally adjusted annual rate of 300,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 32.7 percent below the revised April rate of 446,000...
Mortgage rates inched lower yesterday morning after rising modestly on Monday. While consumer borrowing costs did improve, the day ended with rates under pressure as stocks made a late afternoon comeback from the lows of the session. No lenders repriced for the worse but these events were an omen for...
Good Morning. “Politics is a pendulum whose swings between anarchy and tyranny are fueled by perpetually rejuvenated illusions.” -Albert Einstein "Those who are too smart to engage in politics are punished by being governed by those who are dumber.” -Plato "I have no ambition...
Mortgage rates capped off a great week in sour fashion last Friday. After four days of stock selling induced rate rallying, lenders were finally forced to reprice for the worse on Friday. While mortgage rates did rise more than they have on average, the best 30 year conventional fixed loan rate was still...
The Treasury has successfully auctioned $42 billion 5 year notes. This was the 6th consecutive offering at this size and likely one of the last times as the Treasury is expected to reduce auction sizes in the months ahead. The bid to cover ratio, a measure of auction demand, was 2.75 bids submitted for...
The Census Bureau and the Department of Housing and Urban Development Friday released New Residential Home Sales survey data for March 2010 . Below is a graph which illustrates how borrowers are financing their new home purchases. "FHA IS THE WAY" has been the motto of many a mortgage banker...