Eye On Housing
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed the most new home sales in a fourth quarter since 2006 (see red bars in the chart below). However, the share of sales backed by conventional loans in the fourth quarter was down 2.2 percentage points (quarter-over-quarter)… Read More ›
The housing market awaits a solid economic recovery that provides potential home buyers the confidence to move forward with a major purchase. The S&P downgrade and the attendant stock market plunge adds to uncertainty and consumer discomfort as they see their wealth fall, again. But, the real underlying question is whether the economy is headed for a double dip or… Read More ›