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28.05.26 - 19:09
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US New Home Sales Tumbled In April As Prices Soared (ZeroHedge)
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US New Home Sales Tumbled In April As Prices Soared
With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down
Source: Bloomberg
Overall, new home sales have really gone nowhere for four years...
It seems lower mortgage rates did nothing to help new home sales...
Finally, while existing home prices are lower, median new home price rose 2.2% y/y to $422,500; average selling price at $508,800.
This was the biggest MoM jump in median new home prices since 2019...
Not great for affordability.
Tyler Durden
Thu, 05/28/2026 - 10:07...
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28.05.26 - 18:01
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U.S. New Home Sales Pull Back Sharply In April (AFX)
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WASHINGTON (dpa-AFX) - After reporting a sharp increase in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled bac......
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28.05.26 - 14:06
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Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs (ZeroHedge)
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Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs
Refinancing activity in the U.S. housing market plummeted last week as mortgage rates hit their highest level in nine months, new industry data released on May 27 show.
Refinancing decreased by 18 percent for the week ending May 22 and is up by 19 percent from the same time a year ago, according to the Mortgage Bankers Association.
“Many borrowers understandably backed away from refinancing last week,” Joel Kan, the firm's vice president and deputy chief economist, said in a statement.
The decline was largely driven by the 30-year fixed-rate mortgage rising by 30 basis points over the past five weeks to 6.65 percent - the highest level since August 2025.
As Andrew Moran reports for The Epoch Times, activity to refinance home loans was spread across the board. Conventional refinance applications fell by 14 percent, Federal Housing Agency applications dropped 18 percent, and Veterans' Affairs applications tumbled 34 percent.
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28.05.26 - 09:18
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Global Interest in India′s Affordable Housing (Bloomberg)
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Global investors are increasing long‑term commitments to India's affordable and middle‑income housing sector, despite currency pressures and near‑term market volatility. This segment examines why foreign capital is targeting Indian real estate and private credit, and how infrastructure spending and demographic trends are shaping demand.
With a persistent housing supply gap and rising urbanisation, the focus is on risk‑adjusted returns, private credit, and the role of government policy in supporting development. Vipul Roongta, CEO of HDFC Capital Advisors, joined Haslinda Amin on Insight with Haslinda Amin to discuss fundraising trends, deployment plans, and the outlook for India's housing market. (Source: Bloomberg)...
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