According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in December 2023 in the U.S. increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November 2023.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 5, 2024, U.S. mortgage applications increased 9.9 percent from one week earlier. The results include an adjustment to account for the New Year's holiday.
Based on the latest Zillow market report for November 2023, monthly costs for a new mortgage are falling, inventory is trending back toward normal, and price cuts are uncharacteristically common.
According to the Mortgage Bankers Association's latest commercial real estate finance Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial and multifamily properties increased during the third quarter of 2023.