Tag Archive for ‘home buidling’

Pending Home Sales Down but Stable

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell a slight 0.6% in October from an upwardly revised 102.7 in September. The October 2013 PHSI reported by the National Association of Realtors (NAR) was 1.6% lower than the same period a year ago. The October PHSI increased 2.8% in the Northeast and 1.2% in the… Read More ›

Rates Decline Slightly on Loans to Buy New Homes

Reversing a two-month trend, interest rates on loans for new homes declined slightly in May, according to data released today by the Federal Housing Finance Agency  (FHFA).  The average contract rate on conventional loans for newly built homes dipped 11 basis points to 3.41 percent, the lowest it’s been since February.  Although initial fees and charges on the loans increased from… Read More ›