New home purchases decrease 18%

Private construction spending growth has slowed since peaking in 2015 as rising construction costs and moderating real estate fundamentals have dampened the appetite for new development. has.

The mortgage bankers association (mba) builder Application Survey (BAS) data for November 2014 shows mortgage applications for new home purchases decreased by 22 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.

And the share who say that all or almost all of their weekly purchases are made using cash has modestly decreased, from 24% in 2015 to 18% today, according to a new Pew Research Center survey that comes as some businesses experiment with becoming cashless establishments.

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New OSFI Regulations. 100,000: The number of Canadians who have been prevented from buying a home by the stress test. 18%: The percentage of prospective buyers, who could currently afford their preferred purchase, who would fail a

S&P expects only moderate tax cuts will be passed early next year Many tax specialists and accountants are now urging their clients to update their withholdings in preparation for next year’s tax season.. It only cuts individuals’ taxes for a limited period.

331 Responses to “The housing market is turning, and Millennials are unhappy about their home purchases – California has highest months of supply for homes going back to 2012.

Purchases of new homes in the U.S. unexpectedly. the strongest start to a year since 2007. Home foreclosures remain a concern for builders. Filings fell 8 percent in February, the smallest.

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