Category: Housing Market

Sales of existing homes capped off as best year in a decade

  Existing home sales saw their best annual sales in 10 years, while new home sales tumbled to a 10-month low. Meanwhile, layoffs surged, but remained in safe territory.   Existing Home Sales Sales of existing homes capped off 2016 as their best year in a decade, according to data […]

Market Report – Home Sales, Personal Spending & Job Claims

  New home sales were down but outpaced market expectations, while lay-offs crept up but remained well inside safe territory, and personal incomes were up. New Home Sales The big news last week was new home sales for August, which hit an annual rate of 609,000, according to last week’s […]

Housing Inventory Continues to Drop

Existing home sales slowed, while new home sales enjoyed solid enough growth to hit a record high, and lay-offs saw a small, unanticipated decline. Existing Home Sales After two months of gains caused by increased purchases by first-time buyers, tight inventory finally caught up with existing home sales. Transactions of […]

Housing begins to Climb Upwards

  Housing starts showed encouraging performance, while consumer prices were flat, and layoffs remained low. Housing Starts New housing construction had a solid story to tell last week, with starts on housing construction in July rising to more than any point since the beginning of 2008. Starts on housing construction […]

First-Time Buyers Help Boost Home Sales

An increase in first-time buyers helped boost existing home sales and permits on new homes saw encouraging growth. Layoffs continued to drop. Existing Home Sales A welcome influx of first-time homebuyers helped boost sales of existing single-family homes, townhomes, condominiums and co-ops by 1.1 percent in June, to hit an […]