Housing Starts rose for the second straight month in October, beating expectations and suggesting that the lack of existing homes for sale continues to boost the new construction market. Building Permits, a sign of future construction, also increased last month, with single-family permits reaching their highest level in a year. #homebuyers #homebuilder #newconstruction #realestate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Pending Home Sales (signed contracts on existing homes) surged 8.3% from November to December, due in large part to falling mortgage rates per the NAR. Their Chief Economist, Lawrence Yun,
Sales of existing homes slid 1% from November to December, though sales are expected to move higher this year. NAR’s Chief Economist, Lawrence Yun, explained that “mortgage rates are meaningfully
Represented as Legacy Mortgage and Investment Corporation in the State Of California.
