fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Northeast Drags Down New Home Sales

Wednesday, February 25, 2015

Sales of newly constructed single-family homes dipped only slightly in January from December levels.  The U.S. Census Bureau and Department of Housing and Urban Developing said today that January sales were at a seasonally adjusted annual rate of 481,000.  That rate was 0.2 percent below the slightly revised December estimate of 482,000 units.  The original December number, also 481,000, had represented an 11.6 percent surge from November.

January's rate of new home sales was 5.3 percent above those in the same month in 2014 which were estimated at 457,000 units.  On a non-seasonally adjusted basis there were an estimated 36,000 new homes sold in January compared to 34,000 in December and 33,000 a year earlier. 

Read Full Article

Testimonial

"Sara was fun and personal to work with, she is very competent and knows the business very well. Additionally, if I had a question she needed to research, she did research fast and followed up like she promised. "Say what you are going to do, then do it!' is important to me."
Mike L.