The Federal Housing Finance Agency (FHFA) found that house prices across the nation rose 16%.
the 12-month increase in material costs for the same house was 26.1 percent.
New home sales dropped 5.9% to a seasonally adjusted annual rate of 863,000 units
Home prices in March were 13.2% higher in March
30-year fixed-rate mortgage (FRM) averaged 3.00 percent
On the year, sales surged 33.9 percent.
Housing construction slowed in April due to increased material costs.
30-year fixed-rate mortgage averaged 2.94 percent
Prices paid for goods used in residential construction ex-energy rose 1.7% in April and have increased 12.4% over the past…
30-year fixed-rate mortgage averaged 2.96 percent.
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