April Pending Home Sales Fell 9.4%; Improvement Expected in Next Few Months
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UPDATE: FHFA March House Price Index 0.7% vs 0.5%
May 27, 2014 9:07 AM EDT(Updated - May 27, 2014 9:11 AM EDT)
FHFA March House Price Index 0.7% vs 0.5%
UPDATE - The FHFA press release is below:
U.S. house prices rose 1.3 percent in the first quarter of 2014 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the eleventh consecutive quarterly price increase in the purchase-only, seasonally adjusted index.
"Although the first quarter saw relatively weak real estate transaction activityin part due to seasonal factorshome prices continued to push higher in the first quarter," said FHFA Principal Economist Andrew Leventis. "Modest inventories of homes... More
UPDATE: April New Home Sales 433K vs 425K Expected; Up 6.4% MoM vs 10.7%
May 23, 2014 10:00 AM EDT(Updated - May 23, 2014 10:13 AM EDT)
(Updated - May 23, 2014 10:03 AM EDT)
April New Home Sales increased 433 thousand vs 425 thousand expected. Sales increased 6.4% month-over-month compared to a revised March total of 407 thousand.
Traders are watching the following stocks:
D.R. Horton, Inc. (NYSE:... More
UPDATE: Existing Home Sales Fell 6.8% in April to 4.65M; Gains Led by West, South (XHB)
May 22, 2014 10:00 AM EDT(Updated - May 22, 2014 10:09 AM EDT)
Existing Home Sales 4.65M vs 4.69M Expected; 1.3% vs 2.2% MoM
UPDATE - More from the NAR:
Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors®. Monthly sales gains in the West and South offset a modest decline in the Midwest while the Northeast was unchanged.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.3 percent to a seasonally adjusted annual rate of 4.65 million in April from 4.59... More
