Weekly Update: New and Pending Home Sales Dip

The National Association of Realtors Pending Home Sales, an index of contracts signed on existing homes, fell 4.7% in January. Low inventory was the culprit, but the NAR’s chief economist sees hope, as starts near the “historical annual average of 1.5 million.”

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Weekly Update: Home Building Heats Up

Coming off their best year in a decade, Housing Starts surprisingly rose 9.7% in January, as home building heated up to a 1.326 million annual rate. The future looks good too, with Building Permits up to a 1.396 million annual rate.

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