According to the National Association of Realtors, existing-home sales decreased for a fourth straight month in May 2021. Only one major U.S. region recorded a month-over-month increase, while the other three regions saw sales decline. However, each of the four areas again registered double-digit year-over-year gains.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 3.6 percent in May 2021 to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading.
According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of U.S. loans now in forbearance decreased by 1 basis point from 4.19% of servicers' portfolio volume in the prior week to 4.18% as of May 23, 2021.
According to the National Association of Realtors, U.S. pending home sales took a step backward in April 2021. All four U.S. regions recorded year-over-year increases, but only the Midwest witnessed month-over-month gains in terms of pending home sales contract transactions.
The U.S. Department of Housing and Urban Development along with the U.S. Census Bureau are reporting this week that rising building materials costs and low inventory have caused new home sales prices to jump 20 percent on a year-over-year basis