New home sales plunge 13% in July

My view is shared by the City who are expecting Bellway’s bottom line alone to have swelled 13% in the 12 months to July 2018, and another 5% rise. in June that the underlying requirement for new.

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Orange County sales totaled 11,429 residences, existing and new, vs. 13,178 a year earlier, a decline of 13.3 percent. Prices rose in 56 out of 83 orange county zips and sales were up in 17 out of.

Morgan Stanley revises house prices downward, again GE’s subprime lender WMC Mortgage files for Chapter 11 bankruptcy The couple had filed for Chapter 13 bankruptcy protection in September 2008 with the intention of catching up on their monthly mortgage payments on their van horne home. chapter 13 bankruptcy is often sought as a way to resolve a mortgage delinquency, according to Janet Hong, the cedar rapids attorney who represented the couple.The Organization for Economic Co-Operation and Development (OECD) on Tuesday revised down its global growth forecast. and sustainable oil market. U.S. bank Morgan Stanley said it expected Brent.

NEW HOME SALES DOWN BIG On Thursday, KB Home KBH, +2.13. sales rose or fell. It can take up to five months for a trend in sales to emerge. New-home sales have averaged 853,000 per month over the past five months, compared. New-home sales plunge in July.

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Porsche this week announced it would no longer sell diesel models because they only make up a small percentage of sales, though it was also reported that it struggled to make some cars adhere to the. It predicts "a brisk and active top-tier real estate market" in the fall, despite a pervasive plunge in home sales volumes this summer.

Moody’s warns of jumbo mortgage strategic defaults Shadow inventory rocked by foreclosure snafu Naturally, the process kept the market from correcting and added vast numbers of foreclosed homes to the shadow inventory. During this same period. rates up to 12 times greater than the Fed’s rock.In the first quarter, the U.S. economy is now estimated to have expanded at an annualized rate of 2.2%, down from the 2.3% rate of growth reported back in April and.Moody’s warns of jumbo mortgage strategic defaults

REUTERS/Adrees Latif New home sales plunged 13.4% month-over-month in July to an annualized pace of 394,000 units in July. Economists polled by Bloomberg were looking for new home sales to fall 2%.

New home sales continue to confound the experts. New home sales were up in June – but not as much as economists had anticipated. Economists expected the number to be down slightly in July – but the Commerce Department reported that, instead, sales tumbled by more than 9% to a seasonally adjusted annual rate of 571,000.

Sales of new U.S. homes slumped 1.7 percent in July, the second straight monthly decline as the broader housing market appears to have lost some of its momentum despite an otherwise solid economy.

New Home Sales is a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.

Mortgage applications plunge as contact interest rates soar. Some rates. New construction may drive 2016's housing market. 04/13/2016 | ConsumerAffairs.

Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. US new-home sales plunged 8.9.

Freddie Mac’s Stock May be Delisted from NYSE But, unlike that creature from Greek mythology, the resurrection of Fannie Mae ("Fannie" (OTCQB:FNMA)) and Freddie Mac ("Freddie" (OTCQB. Fannie and Freddie are to be relisted on the New York Stock.