• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Housing Starts : Builders Now Break Ground On 600k+ Homes Annually

The housing market has its momentum. Single-Family Housing Starts topped 600,000 for the fifth consecutive month in April, showing 610,000 units on a seasonally-adjusted annualized basis. The reading marks a two percentage point decrease from the month prior, and represents a 105,000-unit increase over just one year ago. Builders are building, but demand continues to outstrip supply. Higher home prices are ahead. Click here for a personalized mortgage rate quote. Housing Starts : 21%

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Tight Supply Blamed for Weaker Pending Home Sales

Even though contract signings declined in December it was the 20th straight month where pending home sales increased on an annual basis.  The National Association of Realtors® (NAR) said that its Pending Home Sales Index (PHSI) fell 4.34 percent in December to 101.7 from 106.3 in November.  It was however 6.9 percent higher than in December 2011 when it was 95.1. The Pending Home Sales Index is a forward looking indicator

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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