Tag Archives: New Home Sales

New Home Sales Pickup in May 2020

New home sales picked up the pace growing by double digits percentage wise in May 2020, as the demand for clean, safe and never-lived in housing rose.  Sales came in at 676,000 dwelling units on a seasonally adjusted annualized rate (SAAR) according to the U.S. Census Bureau, up 16.6 percent from the revised 580,000 in …Read more

Latest Home Sales and Residential Lending forecasts

Each month Fannie Mae and the MBA forecast interest rates, residential lending, and both existing and new home sales.  Freddie Mac does a quarterly forecast covering lending, interest rates and total home sales – existing plus new.  The following tables summarize the latest forecasts as of June 2020. Interest Rates Differing expectations of interest rates …Read more

Forecasting is Difficult, Especially the Future: — Housing Sales, Interest Rates, Home Prices and Lending 2020-2021

Forecasting is difficult, especially the future, is a small bit of economist humor that embodies more truth than may be appreciated.   While ongoing trends are easy to forecast by just continuing the line or general direction of sales-interest rates-prices-jobs or any other economic factor, the difficulty arises in anticipating or predicting the events(s) that alter …Read more

Median Single-Family Home Price Gains Q2 2019

Falling interest rates have, at least for now, taken off some of the pressure of rising home prices in the affordability equation.  The U.S. quarterly existing single-family median home price rose to a record $279,600 in Q2 2019, a 12-month gain of 4.3 percent according to the National Association of Realtors® (NAR). The following table …Read more