Pace of new-home sales suggests steady housing strength

Essent’s net income increases 39% on new policy growth Walker & Dunlop’s expansion helps set revenue and loan volume records Best’s Insurance News & analysis delivers breaking news, a daily news digest, weekly insurance news from around the world, monthly insights and industry research – all from A.M. Best’s informed perspective.

Housing starts soar in July. Economists polled by Reuters had forecast new home sales at a 430,000-unit pace last month. The weak new home sales pace is at odds with other data that have suggested the housing market recovery is back on track. New house sales data, however, is volatile month-to-month because of a small sample.

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Pace of U.S. New-Home sales suggests steady housing Strength – The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast. Highlights of New.

The housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast. single-family home sales increased 0.8% month-to-month to a 610,000 annualized pace (the estimate was 615,000).

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Construction on new houses rose almost 6% in April, but builders still lagged behind last year’s pace despite a big drop in mortgage rates. Housing starts.

Walker & Dunlop’s expansion helps set revenue and loan volume records

Lending New home sales rise again, but questions still remain about housing market’s health October sales up nearly 19% over last year

HomesUSA.com Index Shows Days on Market Slightly Higher to Steady.. — The pace of new home sales. "Builders clearly remain confident in the continued strength of the Texas housing market.

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It’s a statistic that suggests housing market weakness. However, in looking at a different component of the New Home Sales report – the supply of homes for sale – we’re forced to reconsider. At the current pace of sales, every new home for sale nationwide would be "sold" in a matter of 6.1 months.

Of the top 100 new-home sale markets, Houston leads the pack at 2,000 sales per month, followed by Dallas and Atlanta which are running at about half that pace. In terms of volume, the bulk of the concentration is in southern markets. "Nashville and San Jose stand out as the fastest growing markets, and Atlanta and San Antonio are the best large markets," said Khater. Only three new-sale markets are larger today than in 2000-Nashville, Oklahoma City and San Antonio.