State, US housing sales hit new highs
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State and national housing sales hit record highs in 2004, boosted by mortgage rates near historic lows, according to preliminary figures released yesterday, but with rates expected to drift upward, few in the real estate industry expect that pace to be matched in 2005.
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Sales of previously owned homes rose 2.7 percent in November, making 2004 the best year ever for housing, the National Association of Realtors said yesterday in Washington.
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Rising homeownership and higher-income  households have helped U.S. remodeling spending reach new  highs, a study by Harvard University found.
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Housing starts have been very high relative to the number of homes that builders are trying to sell.
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US new home sales surged unexpectedly in September, climbing 3.5 percent, as low mortgage rates attracted buyers, a government report showed Wednesday.
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Sales of new homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
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Sales of existing US homes unexpectedly rose by 2.7 percent in November as low mortgage rates fueled a record pace of home-buying, a trade association report showed on Wednesday.
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Sales of new U.S. homes defied  predictions of a slowdown in April and rose 4.9 percent while  prices climbed, although the supply of homes for sale hit a  record, a government report showed on Wednesday.
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For the first time since March, sales of new homes rose in August.
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Construction of new homes and apartments rose 4.7 percent in January to the highest level in over two decades as low mortgage rates continued to power the nation's housing industry.
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Sales of new homes rose to a record high in 2004, the fourth straight annual record. But activity in December barely budged after a big drop the previous month, suggesting the nation's red-hot housing market may finally be cooling.
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Sales of existing U.S. homes surged  unexpectedly by 3.1 percent in September as low mortgage rates  fueled home buying, a trade association report showed on  Monday.
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New-home sales surged unexpectedly in September, climbing 3.5%, as low mortgage rates attracted buyers, a government report showed Wednesday.
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The pace of sales of pre-owned U.S homes fell slightly in July but the inventory of unsold properties soared to the highest level in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing sector.
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Home foreclosure filings surged in the  largest metropolitan areas in the United States during 2007,  with cities in California, Ohio, Florida and Michigan reporting  among the highest rates in the country, real estate data firm  RealtyTrac said on Wednesday.
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Housing data showed that sales surged in April by the largest jump in 14 years, dampening hopes of an interest rate cut to stimulate the economy.
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Sales of pre-owned U.S homes fell slightly in July but the inventory of unsold single-family properties soared to the highest in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing sector.