Builder Sentiment Increases for Third Consecutive Month

Expectations that mortgage rates will continue to moderate, the prospect of future rate cuts and a protracted lack of existing inventory boosted home builder sentiment for the third straight month.

New Home Sales Grew in December

Per the U.S. Census Bureau and U.S. Department of Housing and Urban Development, sales of new single-family homes in December hit a seasonally adjusted annual rate of 664,000.

CoreLogic: October Delinquency Rate Flat

CoreLogic, Irvine, Calif., reported 2.8% of mortgages were delinquent by 30 or more days in October; the same rate was recorded in both September 2023 and October 2022.

CoreLogic: Homeowner Equity Up 6.8%

CoreLogic, Irvine, Calif., found U.S. homeowners with mortgages’ equity has increased by $1.1 trillion since this time last year, a 6.8% gain year-over-year.