Pace of new-home sales suggests steady housing strength

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New home sales surged forward in January and inventories dipped to their lowest in 8 years as housing demand continues to return. On an annual seasonally-adjusted basis, new homes sold at a 437,000 pace in January, up 15.6% from December and 28.9% from a year ago.

At January’s pace of sales. on the strength of its cash flows. U.S. stocks SPX, +0.23% pared early losses after the new-home-sales report but the S&P 500 has gained 21% over the past 12 months..

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The IL group consists of three different business lines: correspondent (funding) and Institutional Conduit Sales (ICS).Holistic approach needed to fix vital federal mortgage programs May 17, 2019; trump calls fannie, Freddie a ‘pretty urgent problem’ May 17, 2019; SunTrust, BB&T could become CRE lending powerhouse in the Southeast May 17, 2019Pace of new-home sales suggests steady housing strength Builders report foot traffic through model units to be at the highest rate since mid-last.

"California’s housing market continued its strong sales rebound this year, resulting from the continued pace of distressed properties coming to market," said C.A.R. President James Liptak. "This follows two years of double-digit sales declines in 2006 and 2007. Looking ahead, we expect sales to moderate to a more sustainable pace."

The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast. avenue mortgage, LLC NMLS #1115220 August 7, 2017

WASHINGTON – U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring.

Strong Pace of Home Sales Closed sales in April of 2016 totaled 1,517, an increase of 20 percent from the same month in 2015. Cumulative sales for all of 2015 are 14 percent above the total sales volume in 2014. This level of increase in sales activity suggests a significant increase in demand in the housing market. Declining Surplus Housing.

New home sales dropped to a seven-month low in July, falling nearly 10 percent over the month and throwing the future of the U.S. housing market into question. "This quick pace of selling suggests.