New home sales are down 14% on a year-to-date basis
The 20-City composite gained 16.1%, down from 18.7% in the previous month.
Sales tailed off 0.4% from July and 19.9% from the previous year.
30-year fixed-rate mortgage averaged 6.29 percent with an average 0.9 point as of September 22, 2022
The Refinance Index decreased 1% from the previous week and was 83% lower than the same week one year ago
30-year fixed-rate mortgage averaged 5.89 percent
The 10-City Composite and 20-City Composite annual indices both posted increases lower than the previous month in June, at 17.4%…
The ongoing sales decline reflects the impact of the mortgage rate peak of 6%.
A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating,…
NAHB chief economist says Fed policy & high construction costs will cause first decline in housing starts since 2011. KEY…
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