DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
“ - 2 ” - 2 Carl Harris - 2 That’s - 1 Freddie Mac - 1 Sam Khater - 1 Freddie Mac’s - 1 don’t - 1
Top related locs:
Wells Fargo . America San Diego , Los Angeles and New York California Honolulu
Top related orgs:
Washington CNN — - 2 National Association of Home Builders - 2 “ - 2 Federal - 1 Housing - 1 Federal Reserve - 1 Treasury - 1

Search resuls for: "America’s homebuilders"


2 mentions found


☆ US new home sales plunged unexpectedly last month
  + stars: | 2024-06-26 | by ( Bryan Mena | ) edition.cnn.com   time to read: +2 min
Washington CNN —Sales of newly built homes dropped last month as mortgage rates remained elevated. New home sales, which make up only about 10% of the market, fell 11.3% in May from the prior month, to 619,000, according to government data released Wednesday. That was the steepest monthly decline since September 2022 and marks the lowest level since November. Mortgage rates soared to the highest level of the year in early May and have since trended down. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB chairman Carl Harris said in a release.
Persons: That’s, “, ”, Carl Harris Organizations: Washington CNN —, Federal, National Association of Home Builders, Housing, “ Locations: Wells Fargo
☆ Mortgage rates fall to their lowest level in almost three months
  + stars: | 2024-06-20 | by ( Bryan Mena | ) edition.cnn.com   time to read: +4 min
Washington CNN —Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. Economists don’t expect the average mortgage rate to fall below 6% this year. Homebuilding constrained by high interest ratesWhile mortgage rates have eased recently, the US housing market overall remains hamstrung by elevated interest rates, which seem to be taking a toll on homebuilding. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB Chairman Carl Harris said in a release.
Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, America’s homebuilders, “, Carl Harris, ” Skylar Olsen Organizations: Washington CNN —, “, Federal Reserve, Treasury, National Association of Home Builders Locations: ., Wells Fargo, America, San Diego , Los Angeles and New York, California, Honolulu
0 next >>
Total: 2