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“Increased use of ARM loans, whose rates averaged nearly 80 basis points lower than fixed-rate loans, also contributed to the increase in revenue and a slightly higher average loan size, the third monthly increase. In October, our data showed that ARM loans accounted for 25% of applications, up from 16% a year ago.” Kan added […]
By Census: New sale of home sales of new single -family homes in August 2025 was a seasonal annual rate of 800,000, according to estimates that are today released jointly by the US Census Bureau and the Department of Housing and Urban Development. This is 20.5 percent (± 21.8 percent)* above the percentage of July […]
Despite the record -high turnover, the number of new houses for sale fell slightly to 490,000, which represents a stock of 7.4 months in the current sales pace. That is lower than 9.0 months in July and 8.2 months a year earlier, which reflects a closer inventory. The data painting a cloudy image of what […]
Builders also sought fewer permits in August, with the seasonal annual annual rate of up to 1.312 million, a decrease of 3.7% compared to July and 11.1% per year. Both Single Family (856,000 units) and Multi-Family (403,000 units) reported decreases, including 11.5% and 10.5% annual decreases, respectively. “Building permits have now been at the lowest […]
Despite this decrease, economists love First American‘s Odeta Kushi, say that the sale of new house in July exceeded the expectations, which came after the numbers of June, were revised upstairs. As the pace of the sale of new home delayed, the inventory rose at the end of July to 499,000 units, an increase of […]
That has fallen 23.1% compared to the average of 16.7 units during the pandemic era of the construction of 2020 to 2023 and 1.1% below the average of 13 units from 2014 to 2020. The increase in building during the pandemic was partly powered by Americans who moved under the external work policy, in particular […]
