Inventory Archive

The Latest Mortgage Purchase Applications

There was a surge in the number of people filing for mortgages in the first week of June. Applications for a home purchase increased 9.3 percent from the prior week after adjusting for the normal seasonal patterns. Refinance activity...

Three-Year Change in Employment vs. Housing Starts

Despite the recent slowdown in home sales, inventories remain low, with the months supply averaging 6 months or less for 20 consecutive months. This dynamic has pressed up on prices, but new construction has been slow to respond. Prior...

Sluggish Construction Portends Steady Price Growth

Summary: Supply remains constrained Construction has not kept up with long-term demand Affordability concerns appear to be driving builder pensiveness rather than REO patterns Much has been made of the drop in existing home sales this spring. The weather...

A Quick Review Of “Error Correction Models Of MSA Housing Supply, Elasticities: Implications For Price Recovery”

By Nadia Evangelou, Research Economist William C. Wheaton, Serguei Chervachidze and Gleb Nechayev have published the findings of their research in a paper titled “Error Correction Models of MSA Housing Supply, Elasticities: Implications for Price Recovery[1].” A summary of...
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June 6, 2014

The Latest on New Home Sales

Contract signings for newly built homes bounced back in April after suffering two consecutive months of decline. A total of 443,000 new homes went under contract in the past month, an increase of 6 percent. New home sales (which...