CR Note: This is from housing economist Tom Lawler. Meritage Homes, the 11th largest US home builder in 2009, reported that net home orders in the quarter ended 6/30/10 totaled 900, down 21.5% from the comparable quarter of 2009. Home deliveries, in contrast, jumped by 35.6% from a year ago to 1,207, reflecting buyers’ (and the builders) rush to close prior to the expected 6/30 closing date deadline for the federal home buyer tax credit
Posts Tagged expiration
The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey The Refinance Index decreased 7.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 1.2 percent from one week earlier. ..
Just a few weeks ago, new Toll CEO-designate Doug Yearley, Jr. noted : “With demand increasing in many areas, we are very focused on growth.” Uh, nevermind … From Toll today (ht Brian): Joel H
The MBA reports: Mortgage Applications Increase in Latest MBA Weekly Survey The Refinance Index increased 21.1 percent from the previous week. This is the highest Refinance Index recorded in the survey since May 2009. The seasonally adjusted Purchase Index increased 7.3 percent from one week earlier, which is the first increase in six weeks.
I’ve been forecasting a 2nd half slowdown in GDP growth based on: 1) less Federal stimulus spending in the 2nd half of 2010, 2) the end of the inventory correction, 3) more household saving leading to slower growth in personal consumption expenditures, 4) another downturn in housing (lower prices, less residential investment), 5) slowdown in China and Europe and 6) cutbacks at the state and local level.
The MBA reports: Refinance Applications Surge, Purchase Applications Drop in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume, increased 3.9 percent on a seasonally adjusted basis from one week earlier. …
The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume, decreased 9.6 percent on a seasonally adjusted basis from one week earlier. ..
The MBA reports: Mortgage Refinance Applications Increase in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume, increased 1.3 percent on a seasonally adjusted basis from one week earlier. … “Purchase applications have increased over the past month, and are now at their highest level since last October when many homebuyers were rushing to get loans closed before the expected expiration of the homebuyer tax credit,” said Michael Fratantoni, MBA’s Vice President of Research and Economics.
American Express (AXP) has informed a number of its card members that their account numbers, names, the date on which their cards became effective, and the expiration dates have been stolen. The firm also said that the employee who took the data has been arrested and that an investigation is ongoing. American Express stated that social security numbers [[ This is a content summary only.
A few excerpts from the D.R. Horton conference call (ht Brian)
