Mindblown: a blog about philosophy.
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New-Home Sales Remain Slow in June as Summer Doldrums Set in for Housing Market
Sales of newly built homes remained slow in June, sending inventory higher and relieving pressure on prices. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 627,000 last month, up 0.6% from May but down 6.6% from a year earlier, the U.S. Census Bureau reported Thursday. The median sales price of new…
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New-home sales stay sluggish as builder headwinds persist
The good news is that new-home sales in June ticked up slightly compared to May. The bad news is they’re still running at a significantly lower pace than a year ago. According to the monthly report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new-home sales…
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New-Home Sales Remain Slow in June as Summer Doldrums Set in for Housing Market
Sales of newly built homes remained slow in June, sending inventory higher and relieving pressure on prices. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 627,000 last month, up 0.6% from May but down 6.6% from a year earlier, the U.S. Census Bureau reported Thursday. The median sales price of new…
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Builders’ mortgage aid contributing to higher home prices, Morgan Stanley says
By Scott Carpenter, Bloomberg Home-building companies now commonly reduce borrowers’ mortgage rates on new homes by kicking in some of the financing, but one byproduct of those efforts is that they’ve kept home prices elevated, according to a report by Morgan Stanley. Homes tied to Ginnie Mae mortgages could be around 12% cheaper if builders…
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New-home sales stay sluggish as builder headwinds persist
The good news is that new-home sales in June ticked up slightly compared to May. The bad news is they’re still running at a significantly lower pace than a year ago. According to the monthly report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new-home sales…
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New-Home Sales Remain Slow in June as Summer Doldrums Set in for Housing Market
Sales of newly built homes remained slow in June, sending inventory higher and relieving pressure on prices. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 627,000 last month, up 0.6% from May but down 6.6% from a year earlier, the U.S. Census Bureau reported Thursday. The median sales price of new…
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New-home sales stay sluggish as builder headwinds persist
The good news is that new-home sales in June ticked up slightly compared to May. The bad news is they’re still running at a significantly lower pace than a year ago. According to the monthly report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new-home sales…
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New-Home Sales Remain Slow in June as Summer Doldrums Set in for Housing Market
Sales of newly built homes remained slow in June, sending inventory higher and relieving pressure on prices. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 627,000 last month, up 0.6% from May but down 6.6% from a year earlier, the U.S. Census Bureau reported Thursday. The median sales price of new…
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Stock market today: Nifty50 goes below 25,000; BSE Sensex down over 300 points
Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Friday. While Nifty50 went below 25,000, BSE Sensex was
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Builders’ mortgage aid contributing to higher home prices, Morgan Stanley says
By Scott Carpenter, Bloomberg Home-building companies now commonly reduce borrowers’ mortgage rates on new homes by kicking in some of the financing, but one byproduct of those efforts is that they’ve kept home prices elevated, according to a report by Morgan Stanley. Homes tied to Ginnie Mae mortgages could be around 12% cheaper if builders…
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