Hispanics to Begin Bridging Gap in Homeownership Rate

The Hispanic homeownership rate is trailing behind the white homeownership rate, at 26 percent below the white homeownership rate in 2015—a catch-up, though gradual, from 29 percent in 1995. Hispanics could, however, make strides to bridge the gap in the future, according to a recent Insight from Freddie Mac. The Insight determines the disparity between […]

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New-Home Sales Reverse Course in May

New-home sales reversed course in May, with sales of new, single-family homes up 2.9 percent to 610,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $406,400, while the median was $345,800. New-home listing inventory was 268,000—5.3 months supply. “We are seeing solid […]

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Housing Starts Again Disappoint in May

Home-building activity again disappointed in May, below expectations with housing starts down 5.5 percent to a rate of 1,092,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 3.9 percent to 826,000. Starts for units in buildings with five units or […]

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Housing Starts Make Unexpected Move

Home-building activity in April fell short of forecasts in an unexpected move down, with housing starts dipping 2.6 percent to a rate of 1,172,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts increased 0.4 percent from March to 835,000. Starts for […]

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New-Home Sales Tack On Another Month of Gains

New-home sales tacked on another month of gains in March, with sales of new, single-family homes up 5.8 percent to 621,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $388,200, while the median was $315,100. New-home listing inventory was 268,000—5.2 months supply. […]

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