New-home sales unexpectedly jump to highest level since 2007

New Home Sales Climb to Highest Level Since October 2007. – New home sales rose 12.4 percent to a seasonally adjusted rate of 654,000 units last month, the highest level since October 2007, according to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Find out more details on new home sales from July 2016 in this recent NAHB article.

Bill Dobbins

New home sales unexpectedly jumped in March, according to the Department of Commerce. Sales of new single-family houses rose 5.8% at a seasonally adjusted annual rate of 621,000, the highest since last August. Economists had forecast that new home sales fell by 1.4% at a seasonally adjusted annual rate of 584,000, according to Bloomberg.

Fortress funds buying, renaming Colony American Finance Fannie Mae will pay $2.8B to Treasury after profit Starwood’s Sternlicht says real estate health tied to tech Fannie Mae said it expects to make a $2.8 billion dividend payment to the U.S. Treasury in June after reporting a first-quarter profit driven by a relatively stable mortgage market and a continued decline in delinquencies.Fortress acquires Colony American Finance – News to Watch – Fortress Investment Group is about to be acquired by SoftBank Group in a $3.3 billion deal, but Fortress isn’t done making its own acquisitions while that deal works its way through the legal process.. fortress announced Tuesday that it is acquired Colony American Finance, a lender that provides financing for real estate investors who want to purchase single-family rental homes, townhomes.Freddie’s multifamily rankings show more stability than Fannie’s The S&P 500 gained 0.9 percent to finish at 2,802.56, with staples and tech rising more than 1 percent. The index also posted. (Reuters/Shannon Stapleton) – Fannie, Freddie regulator: Take them.

Sales of previously owned U.S. homes unexpectedly increased in November to the strongest level since early 2007, ahead of a jump in borrowing costs, National Association of Realtors data showed.

The Commerce Department said on Wednesday new home sales surged 18.9 percent to a seasonally adjusted annual rate of 667,000 units last month amid an increase in all four regions. That was the highest.

U.S. new home sales unexpectedly fall in Feb – The data came on the heels of report on Tuesday showing existing home sales fell for a third straight month in February and a jump. for a new home rose 5.2 percent in the 12 months through February.

Single-family home sales jumped 17.5% month-over-month to a 733,000 annualized pace (the estimate was for 655,000), the fastest since July 2007, from a 624,000 rate (revised from 685,000), according to the report released jointly by the Census Bureau and the Department of Housing and Urban Development.

Slower price growth helps homebuyers, hurts underwater mortgages

WASHINGTON – Sales of newly built, single-family homes rose 12.4% in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years.

People on the move: Nov. 3 Who's on the move this week: November 3, 2014 – Inside Logistics – Who’s on the move this week: November 3, 2014. Appointments, promotions, moves and changes in the supply chain sectorPeople on the move: Oct. 6 October – People on the Move.. Callaway Golf has agreed to extend the employment agreement of CEO George Fellows to October 2011. OB Sports has promoted Brett Trenter to general manager at We-Ko-Pa Golf Club in Ft. McDowell, Ariz., replacing original general manager jeff lessig, who is the.

US new home sales unexpectedly jump to highest since ’07. New home sales jumped 12.4 per cent to an annualised pace of 654,000 units in July, according to the Commerce Department, far outpacing Wall Street expectations for a 2 per cent decline. The reading was the highest since October 2007, according to Bloomberg data. "Housing activity is solid.

Prospective home buyers arrive to tour a house for sale in Dunlap, Ill. Photographer: Daniel Acker/Bloomberg Sales of new U.S. homes unexpectedly. the highest since 2017, indicating a steady.