New US second-hand housing contracts rose unexpectedly in May, ending a negative six-month losing streak as higher mortgage rates continued to curb demand. In particular, the index for pending home sales rose 0.7% in May to 99.9, after a two-year low in April, the National Association of Brokers (NAR) announced today. Analysts in a Reuters […]
Tag: houses
USA: New home launches increased in March despite inflation
The start of new housing in the US increased in March, despite the new acceleration of inflation and the large increase in mortgage rates. In particular, the seasonally adjusted number of new homes rose to 1.79 million in March, up 0.3% from the revised February level. On an annual basis, new home openings were up […]
China: New housing prices fell for the seventh month
New home prices in China continued to fall for the seventh consecutive month in March, as loose government policies failed to revive the overly cold market. Average new home prices in 70 major cities fell 0.07% in March, and were lower (down) from -0.13% in February. In 29 of the 70 cities, monthly house prices […]
US: Strong rise in house prices in December
US housing prices continued to make strong gains in December, with analysts estimating, however, that the rise in interest rates on mortgages due to the forthcoming tightening of monetary policy by the Federal Reserve will hit the market in the coming months. In particular, the S&P CoreLogic Case-Shiller index for 20 major metropolitan areas rose […]
Britain: Housing prices have slowed
Housing prices in Britain rose at the slowest monthly rate since June last year as the labor market lockdown began to weaken and rising living costs are expected to put a further brake on them, said Halifax Mortgage Company. . House prices in January rose 0.3% in January from December, Halifax reported. Russell Galley, general […]