HOML News and Press, UBS AG London Branch ZC SP ETN REDEEM 13/03/2045 USD 25 From 07/25/20

By Jill Mislinski This morning's (July 24) release of the June New Home Sales from the Census Bureau came in at 776K, up 13.8% month-over-month from a revised 682K in May. Investing.com forecasted a 4.0% increase. Here is the opening from the report: Statement Regarding COVID&#x...

There is a lot of discussion about the low levels of inventory for sale, as potential sellers have pulled their homes off the market or are not wanting to list their homes at the moment, waiting for the pandemic to blow over, or waiting for more certainty or whatever, or their mortgage is now ...

By Jill Mislinski The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for June new residential housing starts. The latest reading of 1.186M was above the Investing.com forecast of 1.169M and an increase from the previous month's revi...

A common theme in the last two weeks has been that housing and the home have been holding up well during the pandemic and it made us ask ourselves why. Here we dive in and analyse this and more in this week's edition of Takeaways from Earnings Calls. A focus on the Home and Housing There...

30-yr fixed-rate mortgage rates are back down to record-low levels: a bit less than 3.4%, according to the nationwide average calculated by the Mortgage Bankers Association (see Chart #1). And they could fall further, given that the spread between current yields and the 10-yr Treasury yield is...

By Robert Hughes Housing activity improved modestly in May as starts and permits posted gains. However, the results were uneven across the major regions. Nevertheless, low mortgage rates and easing lockdown restrictions are giving a boost to homebuilder confidence. Total housing starts r...

By Robert Hughes Housing construction activity sank in April as starts fell by 30.2 percent, while new permits dropped 20.8 percent. Total housing starts dropped to 891,000 at an annual rate from a 1.276 million pace in March, the slowest pace since February 2015. The dominant single-famil...

This graph from Len Kiefer at Freddie Mac shows the latest movements in homeownership rates. The Census Bureau reported updated homeownership rates, and the trend continues to be relatively positive. Now, you can see from the graph that homeownership rates are still very low, when accounti...

“In May, what market? I don’t see no market” - Realtor The “combined COVID-19 and oil shock” are going to do a number on the U.S. housing market, Fannie Mae warned in its monthly report on Wednesday. Actual data for homes sold after the lockdowns began...

The coronavirus pandemic will cause many cash-strapped Americans to sell their homes, flooding the market with excess supply. A U.S. housing crisis is coming and although it won't be anything like the last one, that won't make it any less painful. Even though there has been no rampant specul...