Tag Archives: New Home Sales

Housing Market & Residential Lending Forecast August 2021

Fortunately Fannie Mae and the MBA release monthly forecasts for residential lending volumes, new and existing home sales and interest rates.  They do not, however, look through the same glasses when prognosticating the future, however.  Core to housing and residential lending are interest rates that remained below 2.9 percent once again this week according to …Read more

The Ugly Trifecta Facing Homebuilders — May 2021 New Home Sales

Homebuilders face a trifecta of impediments – not winnings – with new home construction being hindered by shortages of workers, materials (including appliances, fixtures, HVAC and even hot-water tanks) and developed residential building lots.  As a result, May new home sales slid for the second month in a row sequentially from the prior month using …Read more

Housing Market & Residential Lending Forecast Summary – June 2021

While forecasts from truly respected institutions are valued, unfortunately there is not always agreement from the various parties.   The following summarizes monthly forecasts from Fannie Mae and the MBA. A critical foundation component for forecasting housing and residential lending is interest rates.  Right out of the chute, Fannie Mae and the MBA see differing outcomes …Read more

March 2021 Fannie Mae-MBA Forecast Summary

Each month Fannie Mae and the MBA release forecasts (both quarterly and annual) for housing and related lending.  This summarizes their latest outlook as of March 2021.  Interest Rates Not only do Fannie Mae and the MBA disagree on where interest rates are heading, they even see different average rates last year in 2020.  Fannie …Read more

New Home Sales January 2021

New home sales rose an estimated 19.3 percent on a seasonally adjusted annualized rate (SAAR) in January 2021 compared to one-year ago, and were up 4.3 percent sequentially from December 2020 according to the United States Census Bureau.  Total sales in January 2021 on a SAAR were an estimated 923,000.  Median new home price in …Read more