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new home sales: Economic Update - Last Week in the News - 01/30/12 01:19 PM
New home sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000 units from a revised rate of 314,000 units in November. Compared to a year ago, new home sales are down 7.3%. On a year over year basis, pending home sales are up 5.6% and pending home sales, a forward-looking indicator based on signed contracts, fell 3.5% in December after a 7.3% increase in November. On a year-over-year basis, pending home sales are up 5.6%. 
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 20 fell 5%. Refinancing … (0 comments)

new home sales: Fannie Mae sees 2012 home sales up 3.5% to 4.74 million - 01/13/12 05:05 PM
According to Fannie Mae economists, the housing sector is expectd to take steps forward in 2012, though total originatons will fall on fewer refinances. 
They also say that the second half of the year should outpace the first 6 months, with relation to growth, and political uncertainty and fiscal policy in Washington is expected to drive consumer & business activity.  
Chief Economist Doug Duncan said positive consumer activity and challenges in housing and the global economy will equate to moderate growth for the year. He stated that we're moving into 2012 with decent employment on the employment side which is … (3 comments)

new home sales: Last Week in Real Estate News - www.4Malibu.com - 08/01/11 12:46 PM
Pending home sales, a forward-looking indicator based on signed contracts, rose 2.4% in June after an 8.2% increase in May. On a year-over-year basis, pending sales are up 19.8%.
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 1% in May after a 0.6% increase in April.
The consumer confidence index rose to 59.5 in July from a downwardly revised 57.6 in June. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.
New home sales fell 1% in June to … (0 comments)

new home sales: New-Home Sales Rise 5.5 Percent In November - www.4Malibu.com - 12/30/10 07:59 PM
Sales of newly built, single-family homes increased 5.5 percent to a seasonally adjusted annual rate of 290,000 units in November, according to newly released figures from the U.S. Commerce Department. The gain represents a partial bounce-back from a near-record low, downwardly revised number of new-home sales in October.
While builders continue to face a great deal of competition from short-sale and foreclosure properties, the improvement registered in new-home sales in November is a good sign. With consumer interest in new homes expected to continue to revive as the economy and job markets improve, and inventories of new homes for sale near … (0 comments)

new home sales: Optimism in the housing market - www.4Malibu.com - 04/25/10 06:40 PM
 
 
  
 
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Optimism in the housing market
Spurred by the home buyer tax credit and increased optimism in the economy, the housing market continued on Friday to show some improvement.

 


 
The Commerce Department said that sales of new homes rose in March to their highest levels since last summer.
Over all, the sales of new single-family houses in March were up nearly 27 percent at a seasonally adjusted annual rate of 411,000 … (0 comments)

 

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