Housing markets

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Homebuilder stocks are headed for their best monthly performance in over a year as the housing market increasingly shows signs of life. 

The median monthly home loan payment fell $45 in July from June, although some of those payments are more expensive compared to the same time last year.

An index of contract signings slipped 0.4% last month to 71.7, around where it's lingered for much of the year, according to National Association of Realtors data released Thursday.

While borrowers took advantage of rate dips to refinance, purchases declined year over year, showing obstacles still standing in the way of a market turnaround.

The increase in purchase volume was not enough to offset the drop in refinance application submissions as conventional rates increased week-over-week.

The bank "temporarily" paused home equity line of credit lending in April 2020, over concerns regarding the economic impact of the Covid-19 pandemic.

While still higher than the norm, the reduction in this spread is good news when it comes to mortgage rates for potential homebuyers as well as current owners.

Contract signings on new single-family homes ticked down to a 652,000 annualized rate, with the strongest demand in the West, according to a government report issued Monday.

A Redfin survey found that no matter what age demographic, owners are in a better situation to make their payments compared to renters.

While the overall delinquency rate improved this summer, FHA-backed mortgage borrowers continued to exhibit concerning levels of payment stress in July.

Bank of Glen Burnie, which is seeking to recover from a stretch when its assets declined, hopes that its deal for a residential lender can help boost loan production.

Home-purchase contracts in the US were canceled at a record rate for July as jittery buyers got cold feet. 

US mortgage rates dropped last week by the most since February, enticing homeowners to step up refinancing.

New residential construction increased 5.2% last month to an annualized rate of 1.43 million homes, according to government figures released Tuesday.

Home Depot Inc. sales returned to growth in the second quarter as shoppers invested in smaller projects, such as lighting and gardening.

Borrowers affected by the blazes are also reeling from homeowners insurance woes, contractor shortages and inflation making rebuilding difficult.

Among the nation's 50 largest metropolitan areas, 25 had annual price increases in July, while the others recorded price declines, Zillow found.

Even with direct costs of import taxes excluded, prices for residential construction goods and services increased by the most in two years, NAHB said.

The real estate company said it started the search for a new CEO mid-year following Carrie Wheeler's notice to the board she was looking to leave.