After hitting a near two-year high in December, existing home sales, as reported by the National Association of Realtors (NAR), dropped in January amid tight inventory and rising prices. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 1.3% to a seasonally adjusted annual rate of 5.46 million in January. However,
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According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, after a strong 2018, townhouse construction experienced weakness over the course of 2019. This recent market softness matches data in the NAHB HBGI, which revealed reduced construction activity for large metro suburban markets in 2019. These
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In the fourth quarter of 2019, the delinquency rate for mortgage loans on single-family homes1 decreased to 3.8% of all loans outstanding, according to the latest iteration of the Mortgage Bankers Association’s National Delinquency Survey. This is the lowest it has been since the series started in 1979. The delinquency rate includes loans