Existing home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of home sales, the largest single month decline since July 2010.
Tag: Joel Kan
MBA Chart of the Week: Existing Home Sales and Inventory
Existing home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of home sales, the largest single month decline since July 2010.
April Existing Home Sales Continue Skid—But ‘Green Shoots’ Appear
Existing home sales plunged in April, the National Association of Realtors reported yesterday, continuing a two-month skid in sales brought on by the coronavirus pandemic to the lowest level in nearly 10 years.
A ‘Truly Unprecedented’ Time for Economy, Mortgage Industry
WASHINGTON, D.C.–The current economic situation is ‘unprecedented,’ said MBA Chief Economist Mike Fratantoni during the MBA Live: State of the Industry virtual conference on Tuesday.
Mortgage Applications Drop in MBA Weekly Survey
Mortgage applications fell for the first time in three weeks—although purchase applications remained strong—the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending May 15.
Mortgage Applications Drop in MBA Weekly Survey
Mortgage applications fell for the first time in three weeks—although purchase applications remained strong—the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending May 15.
April Housing Starts Follow Now-Familiar COVID-19 Pattern
Housing starts, which fell by more than 22 percent in March, fell by another 30 percent in April to the lowest level since 2013 as the economic effects of the coronavirus pandemic slammed home.
Adapting to a Changing World; MBA LIVE: State of the Industry Online Conference Today
MBA’s first virtual conference takes place on Tuesday, May 19, from 1:00-5:00 p.m. ET. MBA Live: State of the Industry features presentations from key industry voices and MBA’s team of economists and policy/advocacy experts. The conference is free to MBA members.
April New Home Purchase Mortgage Applications Down 25% from March; 12 Percent from Year Ago
Mortgage Bankers Association Builder Applications Survey data for April show mortgage applications for new home purchases decreased by 12 percent compared from a year ago and by 25 percent from March.
April New Home Purchase Mortgage Applications Down 25% from March; 12 Percent from Year Ago
Mortgage Bankers Association Builder Applications Survey data for April show mortgage applications for new home purchases decreased by 12 percent compared from a year ago and by 25 percent from March.