Wednesday, June 02, 2004

Real estate statistics released

First, the National Association of Home Builders (NAHB) reports on new home sales. According to the NAHB, "Three regions registered sales decreases for the month. The South posted the largest decline, down 22.0 percent from March. The Northeast dipped 2.5 percent, and sales in the West declined 9.4 percent. The West posted a 10.8 percent increase for the month."
To read the complete press release, go here.

Then, the Mortgage Bankers Association (MBA) reported today that for the week ending May 28, 2004, "The Market Composite Index of mortgage loan applications-a measure of mortgage loan applications for purchases and refinancings-decreased by 1.2 percent to 624.6 on a seasonally adjusted basis from 632.4 one week earlier. On an unadjusted basis, the Index decreased by 1.5 percent compared with last week and was down 55.6 percent compared with the same week one year earlier."
To read the complete press release, go here.

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