Tag Archives: Housing News

Last Week in Review: The Fed hiked its benchmark rate, while data on New Home Sales, GDP and inflation made headlines

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August New Home Sales rose 3.5 percent from July to an annual rate of 629,000, per the Commerce Department. However, July’s sales figure was revised lower to 608,000 from the 627,000 originally reported. Sales rose sharply in the Northeast, increased in the Midwest and West, and fell in the South…. Read more »

Last Week in Review: August brought mixed results on new home construction and sales of existing homes

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August Housing Starts rose 9.2 percent from July to a seasonally adjusted annual rate of 1.282 million units, above the 1.229 million expected. Single-family starts, which make up the largest share of the residential housing market, were up 1.9 percent while multi-family starts surged 27.3 percent. Housing Starts were flat… Read more »

Last Week in Review: Non-farm payrolls rose in August and so did home prices in July

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U.S. employers hired 201,000 new workers in August, above the 187,000 expected, the Bureau of Labor Statistics reported. However, June and July were revised lower by a total of 50,000 jobs. Job gains have averaged 185,000 per month over the last 3 months. The Unemployment Rate remained at 3.9 percent…. Read more »

Forecast for the Week: News on housing, GDP and inflation highlight this week’s economic calendar

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This week features key reports across a wide range of sectors. • Look for housing news with the S&P/Case-Shiller Home Price Index on Tuesday and Pending Home Sales on Wednesday. • Consumer Confidence and the Consumer Sentiment Index will be released on Tuesday and Friday, respectively. • Gross Domestic Product… Read more »

Last Week in Review: Existing Home Sales fell for the fourth straight month in July

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Existing Home Sales decreased 0.7 percent to a seasonally adjusted annual rate of 5.34 million in July from 5.38 million in June, the National Association of REALTORS® reported. This was their slowest pace in more than two years and 1.5 percent lower than July 2017. Sales have also declined on… Read more »