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Press Releases
NEW RESIDENTIAL SALES IN JUNE 2009
July 27, 2009
NEW RESIDENTIAL SALES IN JUNE 2009
U.S. Census Bureau News Joint Release U.S. Department of Housing and Urban Development
Sales of new one-family houses in June 2009 were at a seasonally adjusted annual rate of 384,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.0 percent (±13.2%)* above the revised May rate of 346,000, but is 21.3 percent (±11.4%) below the June 2008 estimate of 488,000.
Read full release here.
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U.S. Monthly House Price Index Estimates 0.9 Percent Price Increase from April to May
July 23, 2009
U.S. Monthly House Price Index Estimates 0.9 Percent Price Increase from April to May
July 22, 2009 | FEDERAL HOUSING FINANCE AGENCY
WASHINGTON, DC – U.S. home prices rose 0.9 percent on a seasonally-adjusted basis from April to May, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.1 percent decline in April was revised to a 0.3 percent decline. For the 12 months ending in May, U.S. prices fell 5.6 percent. The U.S. index is 10.7 percent below its April 2007 peak.
Read entire release here.
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Mortgage Applications Increase in Latest MBA Weekly Survey
July 22, 2009
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. (July 22, 2009) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 17, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 528.9, an increase of 2.8 percent on a seasonally adjusted basis from 514.4 one week earlier. On an unadjusted basis, the Index increased 2.9 percent compared with the previous week and increased 6.6 percent compared with the same week one year earlier.
Highlights from the release:
Please click here to view entire release.
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US Census Bureau News Joint Release
June 24, 2009
US Census Bureau News Joint Release
US Census Bureau News Joint Release, US Department of Housing and Urban Development
NEW RESIDENTIAL SALES IN MAY 2009
Sales of new one-family houses in May 2009 were at a seasonally adjusted annual rate of 342,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±17.8%)* below the revised April rate of 344,000 and is 32.8 percent (±10.9%) below the May 2008 estimate of 509,000.
The median sales price of new houses sold in May 2009 was $221,600; the average sales price was $274,300. The seasonally adjusted estimate of new houses for sale at the end of May was 292,000. This represents a supply of 10.2 months at the current sales rate.
Please click here to view entire release.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
June 17, 2009
WASHINGTON, D.C. (June 17, 2009) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 12, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 514.4, a decrease of 15.8 percent on a seasonally adjusted basis from 611.0 one week earlier. On an unadjusted basis, the Index decreased 15.8 percent compared with the previous week and increased 0.3 percent compared with the same week one year earlier.
Highlights from the release:
The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.50 percent from 5.57 percent, with points decreasing to 0.89 from 1.09 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans.
The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.99 percent from 5.10 percent, with points decreasing to 0.99 from 1.04 (including the origination fee) for 80 percent LTV loans.
The average contract interest rate for one-year ARMs decreased to 6.54 percent from 6.75 percent, with points decreasing to 0.09 from 0.10 (including the origination fee) for 80 percent LTV loans.
Please click here to view entire release.
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