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  • Pending Sales Expand

    Led by the West, the Pending Home Sales Index increased 1.3% in July to the highest level since April, and increased 1.4% year-over-year. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 111.3 in July from a downwardly revised 109.9 in June. The PHSI surged to… Read More ›

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  • More Growth for AD&C Lending

    The volume of residential construction loans expanded 3.2% during the second quarter of 2016, marking 13 consecutive quarters of growth. Tight availability of acquisition, development and construction (AD&C) loans is a limiting factor on home building growth, but easing credit conditions and a growing loan base will help expand residential construction in a thin inventory environment. According to data from the FDIC and NAHB analysis,… Read More ›

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  • Home Prices in June – Upward Trend

    The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, continued its upward trend in June. The index rose at a 2.5% seasonally adjusted annual pace, faster than the 1.6% in May. House prices declined at the fastest pace in late 2008 as the housing bust approached its trough. Most of the time between 2007 and 2011,… Read More ›

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