New-home sales saw their largest year-over-year increase since July in November, even as mortgage rates changed little. Processing Content While the industry is still waiting on official data from the Census Bureau regarding the pace of new home sales, the MBA’s latest Builder Application survey found new-home purchase activity was up 3.1% from a […]
New-home sales post biggest annual gain since July Read More »
Newly initiated foreclosure actions at banks have risen on a consecutive-quarter basis but the overall performance of financial institutions’ home loans has remained resilient from a credit perspective. Processing Content Foreclosure starts jumped to 7,903 from 7,163 the previous quarter and 7,450 a year earlier, according to the Office of the Comptroller of the Currency’s
Foreclosures starts, re-defaults inch up at banks: OCC Read More »
US job growth remained sluggish in November and the unemployment rate rose to a four-year high, pointing to a continued cooling in the labor market after a weak October. Processing Content Nonfarm payrolls increased 64,000 in November after declining 105,000 in October, according to Bureau of Labor Statistics data out Tuesday. The unemployment rate was
US payrolls rise 64,000 after October drop, unemployment up Read More »