Daily market update: April 19, 2016

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U.S. Census Bureau/U.S. Department of Housing and Urban Development New Residential Construction for March 2016:

  • Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,086,000, down 7.7 percent month-over-month but up 4.6 percent year-over-year.
  • Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,089,000, down 8.8 percent month-over-month but up 14.2 percent year-over-year.
  • Privately-owned housing completions in March were at a seasonally adjusted annual rate of 1,061,000, up 3.5 percent month-over-month and up 31.6 percent year-over-year.

CoreLogic’s Market Pulse Report for April 2016:

  • The cash sales share of all home sales from December 2015 through February 2016 was 34 percent.
  • Completed foreclosures were down 10 percent year-over-year.
  • Home prices were up 6.8 percent year-over-year.

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Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

Real Trends’ March 2016 Housing Market Report:

  • Housing sales increased 5.1 percent year-over-year.
  • Housing prices rose an average of 1.0 percent from March 2015.
  • Housing unit sales for March 2016 increased 5.1 percent.

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