ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 3.7% in the group’s seasonally adjusted composite index following a drop of 1.2% for the previous…
ThinkstockThe S&P/Case-Shiller home price index for May posted record gains. The 20-city composite rose 12.2% year-over-year, more than the consensus estimate for a gain of 10.9%, and above the record April increase of 12.1%.…
ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending sales of existing homes in June. The pending home sales index slipped 0.4% from a downwardly revised 111.3 in May to…
ThinkstockD.R. Horton Inc. (NYSE: DHI) reported third-quarter fiscal 2013 earnings before markets opened this morning. The home builder posted diluted earnings per share (EPS) of $0.42 on revenues of $1.6 billion. In the same period…
ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for June. Sales rose 8.3% month-over-month to a seasonally adjusted annual rate of 497,000, from a downwardly revised May sales figure…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 1.2% in the group’s seasonally adjusted composite index, following a drop of 2.6% for the previous…
ThinkstockToday’s report from the National Association of Realtors (NAR) on existing home sales in June may mean that there is trouble brewing for home improvement centers like The Home Depot Inc. (NYSE: HD) and…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in June fell 1.2% to 5.08 million from a downwardly revised total of 5.14 million in May.…
ThinkstockIn the first jury trial to be held in Oregon in a case of wrongful foreclosure, J.P. Morgan Chase & Co. (NYSE: JPM) did not fare well. The bank was scolded by the judge…
ThinkstockIn its weekly Primary Mortgage Market Survey, home lending giant Freddie Mac reported that mortgage rates for fixed-rate loans have finally broken a two-month string of weekly increases. The interest rate on a 30-year…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in June fell to an annual seasonally adjusted rate of 836,000, a decrease of 9.9%…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 2.6% in the group’s seasonally adjusted composite index, following a drop of 4% for the previous…
ThinkstockRising mortgage interest rates have not had an appreciable impact on housing affordability yet. Only in Washington, D.C., and Hawaii are current house prices unaffordable based on median home prices and median income levels.…
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index rose by six points from 51 in June to 57 in July. Last month’s reading had been the highest for the index since…
ThinkstockAssociated Materials Group Inc. has filed its paperwork with the Securities & Exchange Commission to conduct an initial public offering (IPO) of its common stock. The IPO is expected to trade under a yet…