(July 27, 2009 Release) Highlights • New home sales rose 11.0 percent in June to an annualized 384,000 units compared to 346,000 annualized units posted in May. • The healthy increase in sales was welcome news. New home sales were mixed by region. The sales in the South fell by 5.3 percent, while sales in the Midwest, Northeast and West … Read More »

(July 17, 2009 Release) Highlights • Residential housing construction registered 582,000 units in June, up 3.6 percent from May. Total starts are now at the highest level since November of last year. • The 3 month average is 541,000 which has risen during the past two months. • Most of the increase in starts were due to single family construction … Read More »

(July 1, 2009 Release) Highlights • The pending home sales index rose 0.1 percent in May to 90.7, compared to 90.6 in April. • The pending home sales index rose 6.7 percent from a year ago. • The Northeast and West recorded monthly increases of 3.1 percent and 2.2 percent, respectively. The South and the Midwest recorded a declines of … Read More »

(June 24, 2009 Release) Highlights • New home sales fell 0.6 percent in May to an annualized 342,000 units compared to 344,000 annualized units posted in April. • The slight decrease in sales was disappointing news. New home sales were mixed by region. The sales in the South fell 8.7 percent, while sales in the Northeast, Midwest and West rose … Read More »

(June 23, 2009 Release) Highlights • Existing home sales rose 2.4 percent to 4.77 million in May. The annualized home sales in May is now 3.6 percent below its level from a year ago. • May’s sales pace is slightly above its 3 month average of 4.66 million units. • The Midwest and Northeast experienced a 9.0 percent and 3.9 … Read More »

(June 15, 2009 Release) Highlights • The housing market index fell by 1 point in June to 15 from a 16 registered in May. • The June index of 15 is 3 points below the 18 index of a year ago; but is 27 percent above its 6 month average. • The buyer traffic index heald steady at 13 in … Read More »

(June 16, 2009 Release) Highlights • Residential housing construction registered 532,000 units in May, up 17.2 percent from April. The rise in housing starts was much stronger than expected. • The 3 month average is 502,000 which continues to reflect a dismal home building marketplace. • Most of the increase in starts were due to multi-family construction activity rather than … Read More »

(June 2, 2009 Release) Highlights • The pending home sales index rose 6.7 percent in April to 90.3, compared to 84.6 in March. • The pending home sales index rose 3.2 percent from a year ago. • The Northeast, Midwest, and West recorded monthly increases of 32.6 percent, 9.8 percent and 1.8 percent, respectively. The South recorded a decline of … Read More »

(May 28, 2009 Release) Highlights • New home sales rose 0.3 percent in April to an annualized 352,000 units compared to 351,000 annualized units posted in March. • The slight increase in sales was less than anticipated, but welcome news nevertheless. New home sales were mixed by region. The sales in the South rose 1.9 percent, while sales in the … Read More »

(May 28, 2009 Release) Highlights • Mortgage delinquency rates surged 124 basis points to a record high 9.12 percent in the first quarter from the fourth quarter of last year. • 1.37 percent of mortgages entered foreclosure in the first quarter, up 29 basis points from the fourth quarter of last year. • The total delinquency rate in the first … Read More »