Results include
Economic Indicators
Aug 23, 2023
Bottom Line: New home sales rose in July but were revised lower in June. On a trend basis, sales are rising modestly. Inventories are rising slightly but not keeping pace with the increase in sales, with months' supply falling...
Jun 27, 2023
Bottom Line: New home sales rose sharply more than expected in May. The tight supply conditions continued, driving median prices higher. Mortgage rates dipped, holding consistently below 7% for all of May, motivating sidelined buyers worried about high mortgage...
May 23, 2023
Bottom Line: New home sales rose sharply in April, but there were negative revisions to March data that countered the positive surprise. Builders continue to work off inventory, which rose much less than sales, leaving months' supply lower again....
Apr 25, 2023
Bottom Line: New home sales rose sharply in March, countering expectations for a further decline. There were negative revisions to February data, but those were nearly offset by positive revisions to January data. Just as we have seen in...
Nov 16, 2022
Following yet another interest rate hike, economists are predicting that the housing market will not only continue to slow, but will hit a major downturn in 2023. We discuss how CFIs can pivot and demonstrate their value to potential borrowers, when it occurs.