Jul 25
U.S. home foreclosures soared by 121% in second-
quarter year-over-year results, according to a report issued by
RealtyTrac.
Jul 25
The final consumer sentiment survey from Reuters and
the University of Michigan received a large upward revision from
preliminary estimates in July, with the headline indicator coming in at
61.2 compared to the preliminary 56.6 level.
Jul 25
New home sales fell for the seventh of the past eight
months in June, falling by 0.6% to an annual pace of 530k sales. This
rate is much higher than consensus expectations due to major revisions in
the previous two months, according to the U.S. Census Bureau on
Friday.
Jul 25
U.S. new home sales fell marginally in June but the pace was much
higher than expected due to +50k of revisions over the past three months.
Economists were surprised by the report and said it may
be a tentative sign of stabilization, though more data will be needed to
confirm that.
Jul 25
Congress and the President are very close to agreeing on and passing the housing rescue bill. This is likely good news for the real estate and mortgage markets across the country. However, down payment assistance programs are under consideration for being discontinued. This is bad news and something that will likely hurt consumers looking to buy homes and invest in communities.
Jul 25
Friday’s highlights include the release of U.S. durable goods and
new home sales for June along with a final look at
consumer sentiment for the United States. There are no major scheduled
macroeconomic releases or events for Canada.
Jul 25
In May, the New Home Sales Index fell 2.5% to its
second-lowest pace in 17 years, and economists expect another decline in
the June report to be released Friday by the U.S. Census Bureau.